Just days after firing 30,000 employees globally, reportedly due to AI-driven cost-cutting, Oracle has appointed Hilary Maxson as its new Chief Financial Officer (CFO) with a massive pay day. While 12 ...
A Reddit user claimed their father, an Oracle employee with cancer, was laid off via email. Oracle's layoffs are part of a strategy to cut costs and invest in AI and cloud infrastructure. Reports ...
March 31 (Reuters) - Cloud computing firm Oracle is ⁠laying ⁠off thousands of employees, ⁠CNBC reported on Tuesday, citing two people familiar with the matter. Late on Tuesday, Oracle said it will lay ...
Oracle reported its third-quarter earnings for fiscal 2026 on Tuesday. The cloud giant is forecasting $50 billion in capital expenditures for the year. To maximize profit, Oracle is focused on cutting ...
Fears that AI will replace traditional software tools have driven a sell-off of software stocks. Oracle Chairman Larry Ellison said he thinks it's a problem for other companies, but not his. "That's ...
Oracle (ORCL) shares jumped more than 6% in pre-market trading to around $190 after Bloomberg reported that TikTok signed binding agreements to form a new U.S. joint venture led by Oracle, helping ...
Risk assets are under pressure Thursday despite the Fed's rate cut, with Oracle's earnings miss piling on alongside the central bank's hawkish guidance. Bitcoin BTC $74,658.87, the leading ...
RUNNING A GIANT software business used to be fun. Sure, coming up with a great product was a grind. But once you had one that customers could not live without—be it Microsoft Office, Amazon.com, ...
We're knee deep into Oracle AI World - and the newsfeeds are surging. But on the ground, I was able to dig into some AI stories beyond the headlines. Here are the high points, from pricing to agentic ...
Oracle stock slipped on Tuesday after a report from The Information that raised questions about the company's plans to buy billions of Nvidia chips to rent as a cloud provider to clients like OpenAI.
Oracle has released GraalVM for JDK 25, introducing new features for its native image technology, while confirming that future development of the platform will shift away from the Java release cycle ...
Oracle yesterday announced more than a dozen AI agents that will be available as part of its Fusion HCM application, complementing the twelve already announced earlier this year, along with many ...