Oracle and OpenAI have abandoned plans to expand their flagship data centre site in Texas, walking away from a ...

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center ...

Oracle is reportedly planning significant job cuts, potentially thousands, to manage a growing cash crunch fueled by its ...

Oracle’s initial moves as an AI cloud provider drew favour from investors, who boosted the stock 61 per cent in 2024 and 20 per cent last year. However, as the costs increased, the market has soured ...

ORCL's AI backlog surge lifts revenue visibility as cloud jumps 34% y/y and $4B in new AI deals fuel the fiscal 2027 growth outlook.

Oracle may cut thousands of jobs in 2026 as it redirects billions toward AI data centres, automation and its massive Stargate infrastructure project.

The Oracle layoffs coincide with Chairman Larry Ellison's plan to build AI data centres for the likes of OpenAI, and compete with AWS and Microsoft Azure.

Oracle layoffs 2026: US tech giant Oracle is again planning to cut around 30,000 jobs as the company faces a massive cash crunch from a massive ​AI data center expansion effort. Larry Ellison's $300 ...

Cloud giant targets workforce reductions to manage a cash crunch following a massive investment in infrastructure.

The reductions being planned are expected to be wider-reaching than the company’s typical rolling job cuts, according to the people ...

Oracle is planning to axe thousands of jobs worldwide, among its moves to handle a cash crunch from a massive AI data center expansion effort.