Oracle laid off 30,000 works by email at 6 AM. The same quarter, it posted record revenue and a $553 billion backlog.

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort. The job reductions will affect divisions across the company ...

Oracle Corp.'s health records division has lost multiple senior leaders in recent months while the company works to modernize its software in the face of steep customer loses. EVP Sanga Viswanathan ...

Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD ...

What To Know: Reports last week indicated a consortium led by Oracle and including private equity firm Silver Lake and UAE-backed investor MGX have reportedly agreed to acquire a minority stake in ...

Oracle’s quarterly earnings topped expectations, but revenue came up short. Investors have question whether the company’s artificial intelligence investments are justified. Oracle picked up ...

ABILENE, Texas, Sept 23 (Reuters) - OpenAI, Oracle (ORCL.N), opens new tab and SoftBank (9984.T), opens new tab on Tuesday announced plans for five new artificial intelligence data centers in the ...

Shares of software company Oracle Corporation (NYSE:ORCL) hit new all-time highs on Wednesday after the company reported first-quarter financial results and future guidance. Here's a look back at how ...

OpenAI is behind a recently announced $30 billion-a-year cloud deal with Oracle. The generative AI company plans to rent around 4.5GW of capacity from Oracle, with the contract running through ...