The angle of the article is basically they did these layoffs and now also face some serious debt risks. Which was also obvious a few months ago. Oracle made a huge gamble, even more so than other big tech firms.
Requiring $7 billion in collateral, nearly half the cost of the entire $15 billion project, to insure the utility’s full capital investment in case the company walks away, is completely insane. “Existing customers should not subsidize data centers” seems like pure demagogy there.
https://news.ycombinator.com/item?id=47587935
The angle of the article is basically they did these layoffs and now also face some serious debt risks. Which was also obvious a few months ago. Oracle made a huge gamble, even more so than other big tech firms.
https://ca.finance.yahoo.com/news/pentagon-awards-oracle-nea...
Recent related:
Oracle could face $7B collateral bill for Wisconsin data centre
https://news.ycombinator.com/item?id=48993488
S&P Global has lowered Oracle’s creditworthiness from BBB to BBB-
https://news.ycombinator.com/item?id=48909768
And 3 months ago:
Oracle slashes 30k jobs
https://news.ycombinator.com/item?id=47587935
(also this exact article yesterday with a bunch of upvotes and comments, but doesn't matter https://news.ycombinator.com/item?id=49025754)