Mint

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Oracle Layoffs: Tech major Oracle is planning to slash up to 30,000 jobs to fund AI data centres, a new report has said. According to a report by CIO citing research published this week by investment ...
Indiatimes

Oracle may lay off up to 30,000 employees, and one of the Big reasons is the company's 'commitment' to Sam Altman's OpenAI for…

Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already spent $58 billion on data centers and is struggling with rising ...
Wall Street Journal

What Oracle Has to Lose From OpenAI and Nvidia’s Rocky Relationship

The likelihood that Nvidia NVDA0.91%increase; green up pointing triangle will be investing far less than $100 billion in OpenAI raises big questions for Oracle ORCL-4.57%decrease; red down pointing ...
CNBC

Jim Cramer says the tech sell-off proves why this old investing rule still matters

Monday - Friday, 6:00 - 7:00 PM ET CNBC's Jim Cramer said Wednesday that investors should remember old rule of diversification. Winning stocks in recent days hail from sectors like health care and ...
The Financial Express

Oracle planning biggest layoffs in years, to cut 30,000 jobs amid AI data-center funding crunch: Report

According to a report by CIO, citing investment bank TD Cowen, Oracle is considering cutting between 20,000 and 30,000 jobs and may also look at selling parts of its business, including Cerner, the ...
Digi Times

Oracle plans US$50 billion fundraising in 2026, reportedly considering layoffs and asset sales

Oracle announced plans to raise US$45-50 billion in 2026 to expand its cloud infrastructure, aiming to meet demand from major customers including OpenAI, AMD, Meta, Nvidia, TikTok, and xAI. However, ...
Fast Company

Oracle chases $50 billion for AI build-out as doubts mount on Wall Street

Oracle shares fell 2% on February 2 following the company’s announcement that it planned to raise upwards of $50 billion in 2026. That spike came after Oracle reported a 359% increase in its remaining ...
CIO

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD ...
PC Magazine

The Best Tech Brands for 2026, Ranked

A year's worth of our rigorous lab-testing scores plus your top brand recommendations come together to create our definitive ranking of the 25 best technology companies right now. I'm the Executive ...
Investing

Oracle expects to raise between $45-$50 bln in 2026 for AI buildout; shares gain

Oracle is in the process of building out its cloud computing capabilities, amid strong demand from a host of AI firms, including a major partnership with OpenAI. The company had in September announced ...
Morningstar

Oracle amps up its AI bet with a plan to raise as much as $50 billion this year

After issuing an $18 billion bond offering last fall, Oracle intends to tap the debt and equity markets anew in 2026 Oracle's stock is down 50% from its September high. To finance its ...
Business Insider

Oracle's Larry Ellison is down an unmatched $49 billion this year after the plunge in software stocks

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Theron Mohamed Every time Theron publishes a story, you’ll get an alert straight to your inbox!