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 ...
Mint

Oracle layoffs: Which departments will get affected? Here's what we know

Tech major Oracle is reportedly planning to cut as many as 20,000 to 30,000 jobs globally, as the company looks to redirect resources towards building Artificial Intelligence data centres, a report by ...
Wall Street Journal

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

The likelihood that Nvidia NVDA2.33%increase; green up pointing triangle will be investing far less than $100 billion in OpenAI raises big questions for Oracle ORCL 2.48%increase; green up pointing ...
Indiatimes

Oracle makes a public clarification on the deal that analysts say will be behind company laying off up to 30,000 employees: We remain highly...

Oracle is defending its substantial AI partnership with OpenAI amidst reports of potential job cuts to fund infrastructure. Despite a stalled Nvidia deal, Oracle remains confident in OpenAI's funding ...
Seeking Alpha

Oracle plans massive $50B debt-and-equity raise; shares up

Oracle (ORCL) on Sunday said it expects to raise $45B to $50B in 2026 to build additional capacity for its cloud infrastructure business. Shares in the software company rebounded to gain 4% after ...
Reuters

Oracle shares gain as $50 billion raise eases data-center funding fears

Feb 2 (Reuters) - Oracle (ORCL.N), opens new tab shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to ...
Zee Business

Oracle layoffs: Tech giant may slash up to 30,000 jobs to fund AI data centres

Oracle layoffs: US tech giant Oracle is reportedly considering up to 30,000 job cuts as rising costs and a funding crunch threaten its massive AI data-centre expansion. The move could free billions in ...
Hosted on MSN

Oracle layoffs: Oracle plans to slash headcount by 20,000-30,000 to pay for AI data centres: Report

Oracle is weighing deep cost cuts, including the potential layoffs of 20,000 to 30,000 employees, as it scrambles to fund its aggressive build‑out of AI data centres, according to a research note from ...
Yahoo Finance

AI adoption is widespread, but developer confidence is still catching up, Agoda report finds

Nearly 9 in 10 developers across Southeast Asia and India state they use AI weekly, with clear productivity gains reported Only 43% believe AI can currently perform at mid-level engineer quality 79% ...
Hosted on MSN

Oracle to raise funds up to $50 billion for cloud infrastructure amid layoff reports — here's what you need to know

US-based technology giant, Oracle Corp., is looking to raise between $45 billion and $50 billion in the year 2026, in an effort to build additional capacity for its cloud infrastructure investment ...
The Verge

Highguard’s developer reportedly lays off ‘most’ of its staff just over two weeks after launch

Wildlight Entertainment says it is parting ways with ‘a number’ of its employees. Wildlight Entertainment says it is parting ways with ‘a number’ of its employees. is a senior reporter covering ...