Oracle is cutting staff as the company seeks to curb cost while it invest in AI infrastructure.
Oracle started laying off employees on Tuesday to drive down costs to support its artificial intelligence infrastructure ...
Recent filings to the California Employment Development Department provide more details about job cuts at major tech ...
Oracle’s stock sinks 57% as the company cuts 30,000 jobs to fund a $10 billion AI push, raising concerns about cash flow, ...
The database and cloud provider has an enormous opportunity thanks to AI -- but it doesn't come without risk.
Up to 10,000 employees have been impacted by the decision, which Oracle said was part of a "broader organizational change." ...
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(In March 23 story, corrects headline and paragraphs 1, 4 and 6 to reflect that Oracle introduced agentic apps that work ...
Oracle landed more contracts and guided for massive growth in its upcoming fiscal year. The company understands that its cash burn is unsustainable. Oracle’s balance sheet has gone from bad to worse.
Oracle will rely on Hilary Maxson’s financial expertise as it continues an aggressive plan to fund expansion of data centers ...
Oracle is laying off thousands of employees as the database giant pours resources into its AI data center buildout.
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