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 ...
komonews

Oracle latest tech giant to announce Washington layoffs amid broader wave of regional cuts

SEATTLE — Oracle America Inc. will lay off employees in Washington as part of a reduction-in-force, according to a WARN notice the company is laying off 491employees in June. ALSO SEE | Meta lays off ...
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 stock spikes 9% as strong Q3 earnings answer Wall Street AI build-out concerns

Oracle stock popped as the company reported strong fiscal third-quarter earnings and reassured investors about its AI cloud computing plans. CEO Clayton Magouyrk touted Oracle's ...
Business Insider

Oracle tells investors not to worry about data center spending because its 'very, very good' at cost-cutting

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 ...
Business Insider

Oracle's Larry Ellison downplays software apocalypse fears: 'We think the SaaSpocalypse applies to others, but not to us'

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 ...
Reuters

Oracle and OpenAI drop Texas data center expansion plan, Bloomberg News reports

March 6 (Reuters) - Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, ...
New York Post

Larry Ellison’s Oracle slashing thousands of jobs due to AI cash crunch: report

Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported Thursday. Long a smaller ...
SDxCentral

Oracle updates WebLogic Kubernetes Toolkit with cross-architecture support

Oracle released a revamped toolkit to make it easier to deploy WebLogic domains to Kubernetes clusters. Version 2.0 of the hyperscaler’s WebLogic Kubernetes Toolkit UI (WKT UI) features vital ...
U.S. News & World Report

Oracle Says It Plans to Raise up to $50 Billion in Debt and Equity This Year

Feb 1 (Reuters) - Oracle expects to raise $45 billion to $50 billion in 2026 to build additional capacity ‍for its cloud infrastructure, the software company said on Sunday. The company, chaired by ...
Dark Reading

'Stanley' Toolkit Turns Chrome Into Undetectable Phishing Vector

A new malware-as-a-service toolkit that its authors are hawking on a Russian cybercrime forum for between $2,000 and $6,000 is the latest example of how browsers have become a new endpoint for ...
Crowdfund Insider

Decentralized Oracle Network Provider Chainlink Acquires Atlas by FastLane

Chainlink, the decentralized oracle network focused on the web3 and blockchain space, has acquired Atlas, an onchain order flow system developed by FastLane. This deal, announced recently, integrates ...