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The Latest Breaking News from Oracle

21,000 jobs gone in a year: Oracle becomes the latest tech giant to cut workers due to AI adoption

Oracle, a multinational technology company, is the latest company to offload a large number of its workers as it sets its sights on using AI more in its operations.

Oracle admits it has cut 21,000 jobs, admits 'deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce'

Oracle admits it has cut 21,000 jobs, admits 'deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce'

Oracle has laid off around 12,000 workers, and admits AI is partly to blame.

$350 Billion Wipeout: Trillionaire Elon Musk Breaks World Record for Biggest Wealth Loss Ever as SpaceX Slumps

$350 Billion Wipeout: Trillionaire Elon Musk Breaks World Record for Biggest Wealth Loss Ever as SpaceX Slumps

Elon Musk has lost an estimated $350bn in a week after a steep slide in SpaceX shares slashed his paper fortune from about $1.45tn to just under $1.1tn.

International Business Times UK

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Oracle Has Cut More Than 20,000 Jobs This Past Year as Big Tech Reshapes Its Workforce

The cloud computing giant disclosed in its annual report that its global workforce fell to about 141,000 employees as of May 31, down from roughly 162,000 a year earlier, representing a decline of nearly 13%.

International Business Times

Oracle lays off 21,000 employees in just 12 months due to AI adoption and costly AI infrastructure ambitions — says layoffs will continue as internal AI deployment grows

Oracle cut 21,000 jobs in fiscal year 2026 as AI automation and AI cloud expansions reshape its workforce and spending strategy.

Tom’s Hardware

Is AI Coming For Your Job? Concerns Mount As Oracle Lays Off Another Batch of 21,000 Employees

Oracle has cut 21,000 jobs globally, attributing the reductions to AI deployment. The company spent £1.36bn on severance and restructuring, highlighting the financial impact of its AI expansion.

International Business Times UK

US waives Iran oil sanctions as part of 60-day peace negotiations

The United States temporarily waived sanctions on Iranian oil exports on Monday, opening the door for Tehran to return to global energy markets as negotiations between the two countries continue. In this edition, we look at the impact this has had on oil prices, while also examining major job cuts…

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Oracle layoffs 2026: Tech giant's headcount shrinks by 21,000 amid rapid AI adoption

Oracle layoffs 2026: Tech giant's headcount shrinks by 21,000 amid rapid AI adoption

AI adoption has led to a 13% decline in Oracle's total workforce. The company said in its filing that the workforce adjustments were in response to various factors, including management and ⁠product changes, performance ‌issues, strategic shifts and acquisitions.

The Economic Times

Oracle Has the Biggest Backlog in the AI Industry. Here’s Why the Stock Is Still Down 49%.

Oracle just surpassed Microsoft in terms of the absolute size of its RPO, but real risks continue to haunt investors.

I tested the Ninja AutoBarista Pro — and it’s one of the most ambitious automatic coffee machines I’ve ever tested (but I’m not sure it’s in a good way)

I tested the Ninja AutoBarista Pro — and it’s one of the most ambitious automatic coffee machines I’ve ever tested (but I’m not sure it’s in a good way)

The Ninja AutoBarista Pro is an ambitious automatic coffee machine with espresso, drip, and cold brew functions, but I’m not sure it meets all its marks.

A viral doomsday scenario aims to shake Europe out of its AI complacency

A viral doomsday scenario aims to shake Europe out of its AI complacency

Does a thought-experiment about US ascendancy in the technology say as much about AI jitters as it does about the reality?

The Guardian - UK

Model Eunice Olumide reveals why she's releasing debut album now

Model Eunice Olumide reveals why she's releasing debut album now

Eunice Olumide - who has modelled for Prada and Vivienne Westwood after being scouted at the age of 15 - is gearing up to release her debut album Love Tree under the stage name of Oracle.

Datacenters driving US clean energy growth while still threatening climate

Datacenters driving US clean energy growth while still threatening climate

As datacenters’ connections to electric grids are held up, big tech is forced to throw money at producing its own power

The Guardian - US

"The details are inaccurate": Oracle denies $3 billion Microsoft cloud deal collapse over security and compliance concerns

"The details are inaccurate": Oracle denies $3 billion Microsoft cloud deal collapse over security and compliance concerns

Reports claim Microsoft ditched a $3 billion Oracle cloud deal over compliance issues, though Oracle disputes the collapse.

Windows Central

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Oracle slams report claiming a massive Microsoft cloud deal collapsed as 'inaccurate'

Previous reports that an Oracle-Microsoft deal had fallen apart were "inaccurate" but the deal's state remains unconfirmed.

I tested the most-anticipated espresso machine of 2026 — and the Fellow Espresso Series 1 hits all its marks

Fellow Espresso Series 1 is perfect for beginners and coffee nerds alike, with enough shot profile options to fill a Yellow Pages and a pro-level steam wand.

Tom’s Hardware

Project Jupiter AI data center build raises concerns about water usage in rural New Mexico desert — Oracle calls water usage 'negligible' for 11 million gallon one-time fill

Oracle's Project Jupiter is targeting a New Mexico desert already struggling with water consumption, but the company assures residents that the data center's water usage is "negligible."

New Mexico is in a historic drought. Oracle and OpenAI designed their newest data center with that in mind

New Mexico lost 209,000 acres of forest to drought and insects last year. Now a data center may pull millions of gallons of water from the same area.

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Oracle's Q4 Double Beat Shouldn't Have Sent Shares Down By 10%. What Spooked Investors?

A $40 billion capital raise is the culprit behind the post-earnings ORCL stock drop.

Oracle CEO Says Token Billing Model Helps Firms Control AI Costs. What That Actually Means for ORCL Stock.

Oracle's Mike Sicilia says token-based, outcome-driven AI pricing gives businesses a smarter, more predictable way to manage rising AI costs.

Oracle Stock Has Shed More Than 20% in Just 5 Days. Bulls Are Hoping a New Federal Government Win Can Turn Things Around.

A newly awarded federal cloud contract could give ORCL investors a compelling reason to look past the concerns.

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

The next wave of the migration story is already underway, and it’s moving the innovation economy into unexpected territory.

Stocks Rally on Hopes for a Near-term US-Iran Interim Peace Agreement

The S&P 500 Index ($SPX ) (SPY ) on Friday rose +0.50%, the Dow Jones Industrial Average ($DOWI ) (DIA ) rose +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.64%. June E-mini S&P futures (ESM26 ) rose +0.65%, and June E-mini Nasdaq futures (NQM26 ) rose...

Oracle vs. IBM: 1 Legacy Tech Giant Is Winning the AI Race

In the battle of old-school tech titans, one is clearly becoming the AI-era winner.

As Remaining Performance Obligation Swells, Oracle Stock Is Positioned for Growth Acceleration

Oracle reported that it anticipates capex of up to $95 billion. What does this mean for investors?

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