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 ...
Business Line

Oracle to set-up more data centres in calendar 2026

Oracle India is planning to set-up new AI data centres in India starting with one in collaboration with Amazon Web Services and Google Cloud each. The plans are in line with the company’s plan to ...
Indiatimes

Oracle may lay off up to 30,000 employees, and one of the Big reasons is the company's 'commitment' to Sam Altman's OpenAI for…

Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already spent $58 billion on data centers and is struggling with rising ...
moneycontrol.com

Oracle may slash 30,000 jobs amid struggle to finance AI data centres

Did our AI summary help? Oracle is preparing for what could be one of the biggest job cuts in its history as it struggles to fund an ambitious push into artificial intelligence data centres. According ...
Computer Weekly

Birmingham Oracle project: Data cleansing and resourcing issues

Questions raised during the latest audit committee meeting at Birmingham City Council show continued concerns among councillors that its controversial Oracle project will fail to go live on time, as ...
Yahoo Finance

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

Feb 2 (Reuters) - Oracle shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center ...
Gulf News

Oracle mulls laying off up to 30,000 employees to fund AI infra: Report

Potential layoffs 'largest in Oracle’s recent history', could free up $8b to $10b Mumbai: US tech giant Oracle is planning to cut 20,000 to 30,000 jobs and sell parts of its activities to help finance ...
Morningstar

Oracle: Strong Generative AI Demand Supports Data Center Buildout

Oracle ORCL shares rose more than 10% on Feb. 9, posting its biggest daily gain since last September, after a sell-side competitor issued a more favorable rating. Despite the rally, Oracle stock was ...
The Financial Times

Banks seek out new buyers for Oracle data centre loans

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Banks are tapping investors such as insurance companies and private credit funds as they try to find buyers for ...
Crain's Detroit

AG Nessel asks for reconsideration of DTE's plan to power massive Oracle data center

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. Michigan Attorney General Dana Nessel moved for a ...
Investing

Banks seek new buyers for Oracle data centre loans- FT

Investing.com -- Banks are looking for new investors to purchase billions of dollars in loans connected to Oracle’s data centre construction projects, the Financial Times reported on Wednesday. At ...