Thread regarding Oracle Corp. layoffs

There is an accounting term known as Generally Accepted Accounting Principles (GAAP). It is common when corporations release their quarterly numbers that they release both GAAP and non GAAP figures.

Faking numbers in a publicly held corporation is a good way to end up in the slammer. And IIRC, the buck stops at the CEO's desk.

There's no accounting fraud. It’s wrong to accuse someone of fraud when it's not true. Increasing the estimated useful life of assets to reduce depreciation and boost profits is called Creative Accounting. Don't see anything illegal here. You can ask the U.S. government to set the depreciation rules specifically for those very expensive high-end AI compute hardware to close the loophole

                - Cal King PoPo  ✈👮🚓🚨 🤣😂🤣😂

That's a very good post! Thanks!