June 2026: Jobs bloodbath at Oracle as 21,000 staff let go to pursue AI

November 2026: Oracle shares fell 9.3%, putting the stock on track for its lowest close since hitting July, according to Dow Jones Market Data. Shares are down 36% in 2026, on pace for their worst year since 2001.

Womp womp

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whowasthatmaskedman · 70-79, M

This is NOT going to end well..AI will be a lot of things. But not the money machine the Americans hope it will.. And some shareholders are going to get very unhappy...😷

plungesponge · 41-45, M

@whowasthatmaskedman on the plus side, the stock market crash is happening right as people go to the voting booth

whowasthatmaskedman · 70-79, M

@plungesponge Yes. While I am not going to gloat on that one, at least the first casualties will be the day traders and the banks who give them credit.. The seriously rich wont miss the odd Billion. Its not like it was real money anyway..😷

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