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International Business Times UK

Vinay Patel

Wiped Out by AI: How Oracle's Record-Breaking Profits Cost 30,000 Departing Workers Their Severance and Stock

Oracle X Oracle Corp Tech Times

Oracle is wrapping up a historic downsizing, cutting roughly 18% of its global workforce—about 30,000 jobs—to aggressively pivot toward AI infrastructure (Credit: Screenshot/X)

Oracle Corp is now wrapping up its biggest downsizing on record, with thousands of departures scheduled to take effect between 1 June and 15 June.

Once these final exit dates pass, the tech giant will have cut roughly 18% of its global headcount—amounting to a staggering 30,000 lost jobs.

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Top stories on inkl right now

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

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Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

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Federal judge halts ICE detention centre construction at California site over environmental review

A federal judge has granted a preliminary injunction halting construction of an ICE facility near Gilroy, California. The ruling came in response to a lawsuit filed by California Attorney General Rob Bonta and Santa Clara County. They argued that construction began without an adequate environmental assessment or consultations with local…

The Times of India

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Social media platform Meta has 48 hours to respond to claims by Brazil's leftwing candidate and incumbent President Luiz Inacio Lula da Silva's campaign accusing the tech platform of blocking content on the company's platforms. Brazil's Superior Electoral Court on Saturday gave the social media giant 48 hours to clarify…

France 24

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Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Hurricane Isaias has left nearly 396,000 customers without power across the Florida Panhandle and southern Alabama

The Independent UK

Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Questions arose about ICE's legal limits.

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Top stories on inkl right now

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

Medical Daily

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

Medical Daily

Federal judge halts ICE detention centre construction at California site over environmental review

The Times of India

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

France 24

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

Already a member? Sign in here

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Hurricane Isaias has left nearly 396,000 customers without power across the Florida Panhandle and southern Alabama

The Independent UK

Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Questions arose about ICE's legal limits.

We Got This Covered

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What Is Jaleel White Worth Decades After Playing Steve Urkel?

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Physicians’ group calls for ban on raw milk – as it’s becoming increasingly popular in the US

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San Francisco Church Criticised for Letting Adult Star Preach About 'Bodily Autonomy' in Kink-Leather

Metropolitan Community Church San Francisco has faced criticism after drag performer Honey Davenport delivered a sermon during Folsom Street Fair weekend.

International Business Times UK

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