In this article, I discuss the company's latest earnings, why investor sentiment has deteriorated, and why despite the ...
Badly damaged tech company Oracle (NASDAQ: ORCL) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company's total workforce. Oracle took a charge of $1.84 billion. In its ...
Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn ...
Oracle Health is collaborating with health tech company Theator to integrate artificial intelligence-powered operating room analytics into its platform. Theator, founded in 2018, provides surgical ...
Rothschild & Redburn analyst Alex Haissl initiated Oracle stock with a sell rating this morning. Haissl's $175 price target implies Oracle stock will fall 40% over the next 12 months. 10 stocks we ...
Oracle reduced its workforce by 13% over the past 12 months and cited AI deployment in an annual filing on Monday. The company currently employs 141,000 full-time workers, down from 162,000 the ...
Oracle fired 21,000 workers citing AI adoption, but stock down 14% and negative free cash flow of $1.87 billion suggest financial distress. Unlike MSFT and GOOG, Oracle burned $23.7 billion in cash ...
A hacker used Ostium's own price-reporting infrastructure against the protocol, submitting falsified future-dated oracle data to manufacture fake trading profits and trigger an $18 million payout.
While Oracle's downgrade went under the radar for stock investors, one firm argues that equity investors should pay attention ...
June 22 (Reuters) - Oracle's (ORCL.N), opens new tab total workforce declined 13%, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly ...
Oracle Layoffs: Oracle has begun another major round of layoffs in Romania, affecting about 500 employees as the tech giant continues global restructuring.