Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants

"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in ...

Oracle’s 21,000 layoffs help drive its debt-fueled AI investments

The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday.
Reuters

Oracle's AI spending blows past estimates, raising worries over growing debt

Oracle plans to raise nearly $40 billion in debt and equity in 2027 Capital spending for 2026 reached $55.66 billion, surpassing Oracle's $50 billion target Analysts highlight investor concerns over ...
CNBC

Oracle beats on earnings, but stock drops on plans to raise another $20 billion

Oracle kept its fiscal year revenue guidance intact while raising its profit forecast. The company beat on earnings and revenue for the fiscal fourth quarter. Oracle said it plans to raise an ...
Yahoo Finance

Oracle Q4 earnings beat on revenue but miss on cloud sales

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The Motley Fool

Oracle Just Revealed a Massive $638 Billion Backlog. Here's Why the Stock Fell Anyway.

Part of the market's concern seems to center on what all of this growth costs. Oracle said it plans to raise about $40 billion in fiscal 2027 to help fund its artificial intelligence (AI) data center ...
Channel NewsAsia Singapore

Oracle's AI spending blows past estimates, raising worries over growing debt

June 10 : Oracle on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, as the cloud computing company said it will also raise more debt in 2027, reflecting the ...
Datacenter Dynamics

Oracle denies $3bn Microsoft data center deal collapsed over security and compliance concerns

Oracle has denied reports that discussions for a $3 billion deal with Microsoft fell apart due to security and compliance concerns. Oracle told Reuters that these claims - which were laid out in a ...
Mint

Larry Ellison loses over $47 billion in less than a week as Oracle stock slumps; falls to number 5 on richest list

Amid Oracle's stock slump ahead of the upcoming earnings report, more than $47 billion has been wiped off founder Larry Ellison’s net worth in under a week. Ellison's fortune fell from a peak of ...
Bleeping Computer

Oracle mitigates PeopleSoft zero-day exploited in data theft attacks

Oracle is warning about a critical PeopleSoft Suite zero-day vulnerability tracked as CVE-2026-35273 that allows unauthenticated remote code execution, with the flaw actively exploited in ShinyHunter ...
TechCrunch

Cybercriminals claim breach of Oracle PeopleSoft servers at 100-plus organizations

The notorious cybercrime group ShinyHunters claimed to have hacked Oracle PeopleSoft servers at more than 100 organizations, many of them universities, a ShinyHunters member told TechCrunch on ...