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Oracle's mass layoffs last week are still grabbing headlines with employees coming out sharing their ordeal. This marks the company’s largest restructuring ever as it grapples with massive debt from a ...

[LOS ANGELES] Pacific Investment Management Company (Pimco) is in talks with Bank of America to help provide roughly US$14 billion of debt financing to build a massive Oracle data centre in Michigan, ...

Just days after firing 30,000 employees globally, reportedly due to AI-driven cost-cutting, Oracle has appointed Hilary Maxson as its new Chief Financial Officer (CFO) with a massive pay day. While 12 ...

Oracle has appointed Hilary Maxson as its new CFO to steer finances during rapid AI-led expansion. The company has taken on $58 billion in debt in recent months, even as growth surged. Maxson replaces ...

Oracle (ORCL) has begun a new round of global layoffs—a move that might normally spark concern rather than enthusiasm. Job cuts are often interpreted as a sign of weakening demand or internal strain.

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Oracle is conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, the people said. The software maker has continued to increase spending on data ...

Oracle announces agentic AI capabilities for Oracle AI Database, including Private Agent Factory, Deep Data Security, and Autonomous AI Vector Database for enterprises.

Oracle is accelerating data center construction timelines and managing costs. It is justifying its spending by fulfilling highly profitable contracted capacity. Oracle’s cash burn is taking a toll on ...