Oracle's stock fell 19% this week, the steepest drop since August 2001, the depths of the dot-com bust. The company's capital ...
Oracle expands its AI database security strategy with new data protection, patching, and cyber resilience tools to help ...
Oracle has quietly axed 21,000 workers in a massive jobs bloodbath as it pours billions into artificial intelligence, all ...
Oracle's latest filings say it employs 141,000 people, down from 162,000 last year.
The job cuts made headlines. But the bigger story is what's funding them.
The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange ...
Investors continue to worry about the return Oracle will get on its AI infrastructure spending.
Oracle has decreased its workforce by tens of thousands in the past year while spending $70 billion to fund its AI expansion. Oracle is spending big on artificial intelligence—to the tune of $70 ...
Oracle reported better-than-expected earnings and revenue for its fiscal fourth quarter.
Oracle shed 13% of its workforce while spending $55.7 billion on data centres. Its SEC filing explicitly cites AI adoption as the cause of job losses.
Oracle carried out layoffs in March. A new filing shows how much smaller the workforce is compared to this time last year.
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