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Wajeeh Khan

ORCL Stock Layoffs: What to Know as Oracle Cuts 21,000 Jobs

Oracle (ORCL) has eliminated roughly 21,000 jobs globally over the past fiscal year, restructuring its business operations around the ongoing artificial intelligence (AI) boom. Revealed in its annual report filed on June 22, these layoffs have lowered the Austin-headquartered firm’s overall headcount from 162,000 to about 141,000 employees.

The announcement arrives at a time when Oracle stock is grappling with steep declines. The stock is currently down about 15% year-to-date.

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Top stories on inkl right now

California court revives $1M lawsuit over 3-year delay in approving a homeowner’s second dwelling

California court revives $1M lawsuit over 3-year delay in approving a homeowner’s second dwelling

In a legal battle, California resident Wei Shi has taken the City of Palos Verdes Estates to court, claiming excessive delays in the approval of his accessory dwelling unit application. Shi asserts that the city violated state law’s requirements for prompt reviews. Thanks to a favorable ruling from an appeals…

The Times of India

Trump's bid to block California mail ballots over 'non-citizen' voters hits court roadblock

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Arizona rejects 3,000-acre data centre plan near Eloy despite scaled-back design

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Justice department charges ex-FBI director James Comey for third time

Justice department charges ex-FBI director James Comey for third time

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The Guardian - US

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France promises education reforms after nationwide protests

France promises education reforms after nationwide protests

France’s government on Monday pledged to replace its national university admissions platform by 2028 and introduce a series of education reforms, seeking to address student grievances after weeks of protests over university access, school funding and the rising cost of living.

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British politicians among international delegates barred from entering West Bank

British politicians among international delegates barred from entering West Bank

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Top stories on inkl right now

California court revives $1M lawsuit over 3-year delay in approving a homeowner’s second dwelling

California court revives $1M lawsuit over 3-year delay in approving a homeowner’s second dwelling

In a legal battle, California resident Wei Shi has taken the City of Palos Verdes Estates to court, claiming excessive delays in the approval of his accessory dwelling unit application. Shi asserts that the city violated state law’s requirements for prompt reviews. Thanks to a favorable ruling from an appeals…

The Times of India

Trump's bid to block California mail ballots over 'non-citizen' voters hits court roadblock

Trump's bid to block California mail ballots over 'non-citizen' voters hits court roadblock

A US appeals court denied the Trump administration's request to prevent California from counting mail ballots from alleged 'non-citizens'. This ruling is part of the administration's ongoing efforts regarding voter eligibility and non-citizen voting. The Justice Department claimed some individuals on the voter list were charged with illegal voting. Voting…

The Times of India

Arizona rejects 3,000-acre data centre plan near Eloy despite scaled-back design

Arizona rejects 3,000-acre data centre plan near Eloy despite scaled-back design

Arizona officials were set to decide on a proposed data centre development covering more than 3,000 acres of rural land near Eloy, after developer Vermaland reduced the planned campus by 80% following local opposition. The La Osa Energy Centre proposal includes 11 data centre buildings, an on-site gas-fired power plant…

The Times of India

Justice department charges ex-FBI director James Comey for third time

Justice department charges ex-FBI director James Comey for third time

Comey, an outspoken critic of Donald Trump, accused of leaking information related to US national defense

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

France promises education reforms after nationwide protests

France promises education reforms after nationwide protests

France’s government on Monday pledged to replace its national university admissions platform by 2028 and introduce a series of education reforms, seeking to address student grievances after weeks of protests over university access, school funding and the rising cost of living.

The Times of India

British politicians among international delegates barred from entering West Bank

British politicians among international delegates barred from entering West Bank

Group was on visit to meet Palestinian children, farmers and civil leaders facing escalating violence from Israeli forces

The Guardian - UK

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