Oracle's stock fell 19% this week, the steepest drop since August 2001, the depths of the dot-com bust. The company's capital expenditures surged 162% in the latest fiscal year, with almost $24 ...

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. In its annual regulatory filing for the fiscal year ...

Oracle (ORCL) heads into its next earnings release on June 10 with plenty of reasons for investors to be concerned. The company has become one of Wall Street’s greatest bets on artificial intelligence ...

Oracle CTO and Executive Chairman Larry Ellison. Source: The Globe and Mail Oracle cut about 21,000 jobs in fiscal 2026 as it restructures around AI and cloud infrastructure, raising questions for ...

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In March this year, Oracle confirmed that thousands of employees received emails from ‘Oracle leadership’ at 6AM informing them that their roles had been eliminated. Oracle has begun laying off ...

Oracle has quietly axed 21,000 workers in a massive jobs bloodbath as it pours billions into artificial intelligence, all while admitting the technology is helping eliminate positions. The scale of ...

Oracle is spending big on artificial intelligence—to the tune of $70 billion this year alone—in order to build data centers and AI-capable servers. But that AI expansion hasn’t come without a human ...

June 22 (Reuters) - Oracle's (ORCL.N), opens new tab total workforce declined 13%, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly ...

Oracle reduced its workforce by 13% over the past 12 months and cited AI deployment in an annual filing on Monday. The company currently employs 141,000 full-time workers, down from 162,000 the ...

Thank you, Lisa, and good afternoon, everyone. Welcome to Oracle's Fourth Quarter and Fiscal Year 2026 Earnings Conference Call. On the call today are our Chief Executive Officer, Mike Sicilia; Chief ...