Forbes

Oracle Fires Thousands Of Employees As AI Spending Ramps Up—Shares Rise 2%

Oracle on Tuesday conducted a round of layoffs affecting thousands of employees, citing “current business needs,” according to multiple reports, resulting in a rise in the software maker’s stock as it ...

Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.
Yahoo! Sports

Rough night for Tyler Mahle, Giants offense as Mets roll to victory at Oracle Park

So many things good things happened for the San Francisco Giants in the first game of this homestand, perhaps a bit of a letdown was inevitable Friday in the second game against the Mets. Maybe not to ...

Oracle jumps as it expands AWS deal for multicloud networking

Oracle stock jumps as Oracle and AWS expand multicloud networking, boosting OCI-AWS connectivity for faster apps, data moves, ...
AOL

Oracle gave its new CFO $26M in stock after firing up to 30,000 workers. Employee says an 'algorithm' may have targeted those with stock options first

Days after Oracle fired up to 30,000 employees via a 6 a.m. email — as Moneywise previously reported — the company announced its next big move: hiring a new chief financial officer with a $26 million ...
moneycontrol.com

Oracle begins layoffs, up to 30,000 jobs at risk amid AI expansion: Report

Shares of Oracle have declined 27 per cent so far this year as investors weigh competition from generative AI and the impact of rising infrastructure spending on cash flow. Oracle announces global ...
Business Insider

Oracle lays off employees as it curbs costs during AI buildout

Oracle laid off some employees on Tuesday, according to two employees and LinkedIn posts. The cuts come as Oracle is trying to cut costs. The company's stock has dropped nearly 30% this year as AI ...
CIO

Oracle cuts up to 30,000 jobs globally, putting enterprise support and roadmaps at risk

Oracle began laying off employees on Tuesday in what could be the largest workforce reduction in the company’s history. Workers in the United States, India, Canada, Mexico, and Uruguay received ...
The Guardian

US tech firm Oracle cuts thousands of jobs as it steps up AI spending

Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off Oracle is cutting thousands of jobs as the US technology company seeks to reassure ...
NDTV

"Your Last Working Day": Oracle's 6 am Layoff Email That Ended Thousands of Jobs

In India, an estimated 12,000 employees are said to have been affected. Thousands of employees at Oracle Corporation woke up to an unexpected and unsettling message early Tuesday morning -an email ...
Yahoo Finance

Why Oracle (ORCL) Stock Is Up Today

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