PIMCO bought $10B of Oracle's record $16.3B data centre bond deal after US banks pulled back. The Michigan campus is part of $72B in Stargate infrastructure debt with a 19.5-year maturity.

Oracle disclosed plans to slash 654 jobs in the Bay Area after recent reports that the company had emailed termination notices to potentially thousands of employees worldwide. Related Articles San ...

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.

Oracle stock jumps as Oracle and AWS expand multicloud networking, boosting OCI-AWS connectivity for faster apps, data moves, ...

Maxson says she aims for investment discipline Oracle faces investor concerns over growing spending Oracle shares have dropped about 25% this year April 6 (Reuters) - Oracle (ORCL.N), opens new tab on ...

Thousands of Oracle employees were made redundant earlier this month — informed via email that their roles no longer existed. The missive offered workers a severance package that included several ...

According to reports, several employees received emails from “Oracle Leadership” as early as 6 AM EST, stating that their roles had been eliminated with immediate effect. Many employees said there was ...

Oracle on Monday appointed Hilary Maxson as chief financial officer, ⁠tapping an executive with experience in infrastructure and energy to steer its efforts to meet surging demand for artificial ...

The SaaS tech giant has been under pressure to cut costs to fund its large AI data center buildout, while also pivoting to become a cloud computing provider. Another round of layoffs has hit the tech ...

March 31 (Reuters) - Cloud computing firm Oracle (ORCL.N), opens new tab is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter. Late on Tuesday, ...