Oracle, Thousands Wake
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Oracle reportedly undergoing round of layoffs
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Oracle's restructuring is said to be tied to rising costs for building AI data centers and expanding cloud infrastructure.
Oracle begins cutting thousands of jobs as it ramps up AI spending, with analysts warning up to 30,000 roles could be affected.
Oracle has laid off 30,000 employees worldwide, including 12,000 in India, as it pivots to AI and cloud infrastructure. Severance details and leadership impact covered.
A UK-based activist group released a video showing members approaching Oracle Corporation founder Larry Ellison’s giant yacht and renaming it “The Trump Propagandist.” The group said the action was
Oracle stock surged on Wednesday morning, boosting the value of Larry Ellison's stake by tens of billions.
As Larry Ellison’s comments went viral, it also fuelled criticism online, with many users interpreting the remarks as a sign of tech companies embracing automation while cutting off human roles.