Oracle laid off 21,000 employees over past year, citing AI
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"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said.
Oracle carried out layoffs in March. A new filing shows how much smaller the workforce is compared to this time last year.
Oracle's financial position and doubts about its largest AI client have weighed on the stock.
Forbes contributors publish independent expert analyses and insights. Chief Analyst & CEO, NAND Research. Oracle and Amazon Web Services jointly announced the launch of Oracle Database@AWS. The new offering allows customers to access Oracle Autonomous ...
Oracle (NYSE:ORCL | ORCL Price Prediction) at $175 looks compelling on the data. The stock has been pulled into the broader software compression trade even as its Q4 report revealed a $638 billion AI backlog that locks in years of forward revenue.
Oracle reported better-than-expected earnings and revenue for its fiscal fourth quarter.
It is an ignominious end for Oracle Advertising, a part of the Oracle Data Cloud (ODC) that, at one point, consisted of top players in the category, including Datalogix for offline consumer data, Grapeshot contextual targeting, Moat’s measurement and ...
Oracle (NYSE:ORCL | ORCL Price Prediction) just reported its biggest quarter ever. Q4 FY2026 revenue hit $19.18B, cloud infrastructure ran +93% YoY, and remaining performance obligations exploded to $638 billion.
