techtimes

Oracle’s 30,000 Layoffs Enter Final Phase: Sign the Release or Forfeit Severance

The largest workforce reduction in Oracle's 49-year history crossed a legal threshold today, June 1, as the first cohort of U.S. employees reached their official last working day under the federal ...
National Post

Chris Selley: Bring on the doughnut wars—and let's hope they set an example

Tim Hortons seems at least mildly panicked by Dunkin' Donuts return to Canada. Let's panic the airlines and telcos too You can save this article by registering for free here. Or sign-in if you have an ...
Time

'Everyone’s a Line On a Spreadsheet:' Inside Oracle’s Mass Layoffs and the Workers Fighting Back

Follow this author to personalize your feed and get instant alerts. WHY FOLLOW? Update your preferences in Account Settings Correspondent Oracle chairman and CTO Larry Ellison at the White House in ...
Forbes

Oracle Lays Off 30,000 As AI Spending Surges

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Oracle Fired 30,000 People by Email. The Same Quarter, It Posted Record Revenue and a $553 ...
Bloomberg L.P.

Oracle Data Center Nears $16 Billion Financing After Twisty Path

Related Digital is finalizing $16 billion of financing for a giant Oracle Corp. data center, after months of stop-and-start negotiations with investors. The developer has been rounding up cash to ...
Inc

Why Oracle Is Cutting 30,000 Jobs Despite a Massive $6 Billion Quarterly Income

Oracle is joining a growing wave of tech companies cutting jobs as they pour billions into artificial intelligence. This morning, the company began implementing sweeping layoffs across multiple ...
CNBC

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

Oracle is conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, the people said. The software maker has continued to increase spending on data ...
The Next Web

Oracle is cutting up to 30,000 employees to pay for AI data centres

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162 ...
24/7 Wall St

Is Oracle Still Worth Chasing, or Is the Stock Set to Plunge More?

Oracle (NYSE:ORCL | ORCL Price Prediction) looked like it was destined to be the next $1 trillion company last year before things made an abrupt turn. The stock has nearly halved since then, with the ...
Investopedia

What's Going on With Oracle? Its Stock Price Has Dropped More Than 40% in Two Months.

Oracle's stock has plunged since hitting an all-time high in September as the company has become a poster child for growing investor concerns that an AI bubble has formed. The company is enmeshed in ...
Wall Street Journal

Oracle Was an AI Darling on Wall Street. Then Reality Set In.

Oracle ORCL-0.72%decrease; down pointing triangle has never given up gains this big, this fast. Investors nervous about the scale of capital that technology companies are plowing into ...