#oracle

yahoo news | Oracle axes over 700 workers — the first wave in a bloodbath that could engulf 3... Oracle has begun the first wave of a massive layoff that could ultimately affect up to 30,000 employees, with California state filings showing that roughly 700 workers will be let go by June 1. The cuts are slated for 310 staff in Redwood City, 184 in Santa Clara, 158 in Pleasanton and 50 in Santa Monica, on top of 491 terminations already recorded in Seattle. The move follows a broader “bloodbath” announced by the software giant, which had 162,000 global employees as of May 2025. Analysts at TD Cowen earlier this year warned that Oracle might slash as many as 30,000 jobs while it sells assets to fund its push into AI infrastructure. Oracle’s downsizing is part of a wider tech‑sector contraction that saw companies lay off 52,050 workers in the first quarter of 2026—a 40 % increase over the same period last year, according to Challenger, Gray & Christmas. Other California‑based tech firms such as Qualcomm and Meta are also filing mass‑layoff notices, and the wave of cuts has already driven up unemployment rates in the San Francisco Bay Area. The layoffs have sparked controversy on social media, especially after data revealed Oracle filed roughly 3,126 H‑1B petitions for fiscal years 2025‑2026, highlighting a contrast between hiring foreign talent and shedding domestic staff. Despite moving its headquarters from Silicon Valley to Austin in 2020 and then to Nashville in 2024, Oracle retains a significant Bay‑Area workforce. The company recently reported a 22 % revenue jump to over $17 billion for the fiscal third quarter and announced the hiring of Hilary Maxson from Schneider Electric as its new chief financial officer. Read more: https://nypost.com/2026/04/08/business/oracle-axes-over-700-workers-the-first-wave-in-a-bloodbath-that-could-engulf-thousands-across-california/ #oracle #tdcowen #siliconvalley

Bloomberg Technology | Pimco to Weigh $14B Debt Deal for Oracle Data Center Bloomberg's Laura Benitez joins Dani Burger on "Bloomberg Deals." Pacific Investment Management is in talks with Bank of America to help provide roughly $14 billion of debt financing to build a massive Oracle Corp. data center in Michigan, according to people familiar with the matter. (Source: Bloomberg) Read more: https://www.bloomberg.com/news/videos/2026-04-08/pimco-to-weigh-14b-debt-deal-for-oracle-data-center #pimco #oracle #bankofamerica

Oracle has cut around 10,000 jobs in India, sources told ET. This is part of a global restructuring affecting 30,000 employees. The company is reducing roles in its tech divisions. Oracle Financial Software Services also saw job losses. Employees are concerned about increased workloads. This follows similar tech industry layoffs this year. https://economictimes.indiatimes.com/tech/technology/oracles-ai-pivot-cuts-deep-lays-off-20-of-its-india-workforce/articleshow/129959312.cms #India #Tech #Oracle #Layoffs

All Content from Business Insider | Oracle lays off employees as it curbs costs during AI buildout by Ashley Stewart,Hugh Langley Oracle CEO Larry Ellison.Anna Moneymaker/Getty Images Oracle laid off some employees on Tuesday, according to two employees and LinkedIn posts.The cuts come as Oracle is trying to cut costs.The company's stock has dropped nearly 30% this year as AI fears have driven a software sell-off.Oracle started laying off employees on Tuesday, according to two affected workers and several social media posts. The cuts appear to have affected employees globally, but the full extent of the layoffs could not be immediately learned. Several people posted on LinkedIn on Tuesday to announce they had been impacted by the layoffs. Read the original article on Business Insider Read more: https://www.businessinsider.com/oracle-layoffs-employees-costs-ai-buildout-job-cuts-2026-3 #ai #data-center #enterprise #layoffs #oracle

Agenzia Nova: Business news: Oracle alza previsioni fatturato per anno fiscale 2027 14 mar 22:00 - (Agenzia Nova) - La multinazionale del settore informatico Oracle ha registrato ricavi trimestrali superiori alle attese e ha... (Was) Business news: Oracle raises revenue forecast for fiscal year 2027. 14 mar 22:00 - (Agenzia Nova) - The multinational computer sector company Oracle has recorded quarterly revenues exceeding expectations and has... #Oracle #AgenziaNova https://www.agenzianova.com/a/69b5cf117b6be2.57052836/7142597/2026-03-14/business-news-oracle-alza-previsioni-fatturato-per-anno-fiscale-2027

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“High-latency consciousness is a bridge to nowhere locked behind a dead-man switch.”

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Punto Informatico: Aziende AI si impegnano a ridurre i costi energetici Amazon, Google, Meta, Microsoft, OpenAI, Oracle e xAI hanno promesso di coprire i maggiori costi energetici associati alla costruzione dei data center. The post Aziende AI si impegnano a ridurre i costi energetici appeared first on Punto Informatico. AI companies are committed to reducing energy costs. Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI have promised to cover the largest energy costs associated with building data centers. #Amazon #Google #Microsoft #OpenAI #Oracle https://www.punto-informatico.it/aziende-ai-impegno-ridurre-costi-energetici/

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