Oracle likely to cut about 30000 jobs to finance data centre buildout

Oracle may take drastic cost-cutting steps to improve cash flow stress, according to CIO, citing TD Cowen’s assessment. In ...

Oracle may slash 30,000 Jobs amid struggle to finance AI data centres

Oracle is reportedly planning layoffs of up to 30,000 employees as it faces funding pressure to expand AI data centres, with ...

Oracle to raise $50 billion to fuel AI cloud expansion

Oracle has unveiled a plan to raise up to $50 billion in 2026 as the software giant races to build the physical ...
Nairametrics

Larry Ellison’s Oracle plans $50B Capital raise for AI cloud growth

Oracle Corp. is planning a massive capital raise of between $45 billion and $50 billion this year. The company, chaired ...
Blockonomi

Oracle (ORCL) Stock: Company Announces $50 Billion Fundraising for Cloud Expansion

Company plans $50B raise for AI cloud as debt insurance costs surge to crisis levels and shares fall 36% to $164.58 from ...

Oracle’s value is cut in half from 2025 peak as AI caution rises

The stock’s decline has erased about $463 billion in market value from a record hit on Sept. 10 after the company reported an ...

Oracle may lay off 30,000 employees as US banks pull back from AI data-center financing

Oracle is reportedly considering up to 30,000 job cuts and asset sales as US banks step back from financing its AI data-center expansion, raising concerns over rising costs and funding challenges.
CNBCTV18

Oracle may cut up to 30,000 jobs as US banks retreat from funding AI data centres: report

Oracle may cut 20,000-30,000 jobs and sell Cerner as US banks pull back from AI data centre financing, reports CIO citing TD Cowen research.