Oracle reduced its workforce by nearly 13%, cutting 21,000 jobs to 141,000 employees as of May 2026, citing AI technology deployment as a key factor. The company spent $1.8 billion on restructuring costs, a significant increase from the previous year, and faces challenges like potential skill shortages and morale issues. Oracle is raising $50 billion in debt and equity to fund its AI infrastructure, with capital expenditure soaring 162% to $55.7 billion. This move aligns Oracle with other tech giants like Meta, Google, Microsoft, and Amazon, who are also investing heavily in AI despite widespread layoffs in the sector.
Oracle's stock has fallen to $175, dragged down by worries about AI impacting traditional software and high capital costs. However, its Q4 report revealed a massive $638 billion AI backlog, ensuring years of future revenue. Cloud Infrastructure reven...
Oracle laid off 21,000 employees, about 13% of its workforce, claiming AI adoption is improving efficiency. However, investors are skeptical, suspecting financial struggles as Oracle's stock dropped 14% in a year and it reported a $1.87 billion negat...
Oracle reduced its workforce by about 21,000 employees over the past year, a nearly 13% drop, due to the adoption of AI technologies across its operations. The company incurred $1.8 billion in restructuring costs, up from $374 million the previous ye...
Major tech companies are expected to spend about $750 billion on AI development this year, primarily funded through debt rather than cash reserves. This marks a shift from the past decade when these firms self-funded growth, making them less sensitiv...
Oracle reported its largest quarter ever with $19.18 billion revenue and 93% growth in cloud infrastructure, yet shares fell due to massive capital expenditures. The company expects $70 billion in capex for FY27, causing free cash flow to turn negati...
