Oracle, the layoff
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The tech giant has launched a new wave of lay-offs in the US. The scale of the cuts remains unknown, but it comes after Oracle’s global workforce was already reduced by 21,000 within a year.
Oracle starts a new round of layoffs as AI data center spending keeps climbing. Here's what the cuts mean for ORCL stock and employees in 2026.
Oracle has started a new round of layoffs amid AI investment debt concerns.
Cloud revenue soared 62% in the quarter to $11.6 billion, topping the $11.51 billion consensus among analysts polled by StreetAccount. Revenue from cloud infrastructure more than doubled to $7.4 billion, beating the $7.09 billion consensus estimate.
Larry Ellison strategically borrows against his Oracle shares to cover expenses while avoiding paying taxes. Here’s how many shares he’s pledged over the years.
The security updates resolve over 800 vulnerabilities across 17 product families, including over 100 critical-severity flaws.
Oracle founder Larry Ellison has canceled his plan to sell up to $7.5 billion worth of stock in the software company.
Oracle just posted record AI bookings and cloud growth that should have sent shares soaring, yet the stock sits near a 52-week low. Something is broken in how the market is pricing this company, and the gap between its earnings power and its share price tells a very different story.
In Q1, Oracle reported record revenues of $19.34 billion, up 30% from the previous year and exceeding the Street's expectations by $215.9 million. Under this, total cloud revenues (now making up 60% of the company's overall revenues versus 48% a year ago) came in at $11.61 billion, up 62% year-over-year.
A Reddit user says they were laid off by Oracle despite having no bad performance ratings and handling backend, frontend and automation work