A massive Oracle data center planned for rural Michigan secures $16 billion in funding

The Saline, Michigan campus is huge. It will generate 1 gigawatt of electricity, making it one of the largest data centers in ...
New York Post

Bloodbath at Oracle as staff stunned by brutal 6 a.m. layoffs email

Major Bay Area tech company Oracle announced mass layoffs Tuesday, notifying fired employees in an email at 6 a.m.. The message from one of the world’s largest software companies, chaired by ...
CNBC

Oracle layoffs will help cost savings, analysts say

Oracle shares traded slightly lower on Wednesday after news that the company was laying off thousands of workers. The software giant recently said it is raising $50 billion for its data center ...
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 ...
USA Today

Oracle reportedly undergoing round of layoffs amid push toward AI

Oracle has cut an unspecified number of jobs as the software giant looks to reduce costs and continue growing its artificial intelligence business, according to former employees and multiple reports.
Forbes

Oracle Layoffs Lead To Heartbreaking Posts On LinkedIn

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. REDWOOD SHORES, CALIFORNIA - MARCH 10: The Oracle logo is displayed on a building at an ...
Wall Street Journal

Oracle Names Hilary Maxson Chief Financial Officer

Oracle hired Hilary Maxson as the software giant’s new chief financial officer, effective immediately. Oracle on Monday said Maxson, 48 years old, joins from Schneider Electric, where she served as ...
Gizmodo

Iran Says It Hit Oracle Facilities in the UAE

Iran’s Islamic Revolutionary Guard Corps (IRGC) claims it has targeted an Oracle data center in Dubai, United Arab Emirates, according to Iranian state media. The alleged strike comes only two days ...
Austin American-Statesman

Oracle layoffs reported as company pushes deeper into AI

Oracle Corp. has begun layoffs that could affect thousands of employees to cut costs amid heavy debt-funded spending on artificial intelligence infrastructure. The Austin-based cloud computing company ...
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 ...
24/7 Wall St

Oracle: The $500 Billion Backlog vs. the $125 Billion Debt

Oracle (ORCL) achieved organic total revenue and non-GAAP EPS growth of 20%+ in the same quarter for the first time in 15 years, with IaaS revenue surging 84% to $4.888B, but the company is now ...