Oracle is set to eliminate up to 30,000 jobs as it diverts funds towards AI data centres, amidst declining bank investments.
Oracle wants to raise between $45 billion and $50 billion this year to expand its rapidly growing Oracle Cloud Infrastructure ...
Oracle may cut 20,000-30,000 jobs and sell Cerner as US banks pull back from AI data centre financing, reports CIO citing TD Cowen research.
As US banks retreat from AI data-centre financing, Oracle is considering cutting up to 30,000 jobs and selling Cerner to ease mounting financial pressure, TD Cowen says.
Oracle is considering workforce cuts and selling Cerner to alleviate financial pressure, warns investment bank TD Cowen.
Oracle is reportedly considering up to 30,000 job cuts and asset sales as US banks step back from financing its AI data-center expansion, raising concerns over rising costs and funding challenges.
Oracle’s shares have declined in recent months, while the cost of insuring its debt against default has jumped, according to ...
Oracle has confirmed it will be the tenant of a major data center campus being developed in Doña Ana County, New Mexico.
Oracle Layoffs 2026: Oracle Considers Up To 30,000 Job Cuts As Funding Pressure Builds: Oracle is weighing deep cost-cutting measures, including tens of thousands of layoffs and potential asset sales, ...
US tech giant Oracle is planning to cut 20,000 to 30,000 jobs and sell parts of its activities to help finance the expansion ...
By Kanishka Singh WASHINGTON, Jan 27 (Reuters) - Oracle on Tuesday said issues faced by U.S. users of social media app TikTok ...
Oracle said on Tuesday that issues faced by U.S. users of social media app TikTok are the result of a temporary ...