They told him everything is oriented towards AI, to the point that otherwise profitable software is not being updated and development has stopped on anything new.
Oracle has a lot of niche solutions and the one my friend’s corporation uses is profitable but not on the AI path, so it is being put into maintenance mode.
Let’s say someone is entering the IT job market today. How should they prepare for the responsibilities of adulthood, starting a family, buying (perhaps on a mortgage?) their first flat, and planning for a family? I’m not writing solely in the context of AI layoffs but broader. Over the last 10 years that I’ve been in the IT industry from EU/US perspective, I’ve perceived the market as economic cycles, the sine wave of which has narrowed significantly (more often markets demands changes and instability) and accelerated in the past years.
> Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows.
I'm inclined to believe that its no longer the case of employees being replaced by AI but simply those businesses being replaced by AI and the current businesses who were able to benefit from AI are reaping the momentum they have but eventually this will end.
These companies seem to be led by mind bogglingly short sighted people. Maybe they should be replaced by AI. It can't possibly get any worse than now, right?
Ah yes, fire to rehire via the model training gig economy
Like, mate, if you want to be a superhero in real life, stop laying off thousands of people and working the remaining people ragged. That's all you gotta do.
