Oracle Corp. is preparing to lay off thousands of workers across its business units to ease a cash shortage caused by its aggressive expansion of AI-powered data centres, a Bloomberg report said, ...

Oracle and OpenAI have abandoned plans ‌to expand a flagship artificial ⁠intelligence data centre in Texas, part of the ‌Stargate project, after negotiations dragged ‌over financing ‌and ⁠OpenAI’s ...

OpenAI (OPENAI) and Oracle (ORCL) have decided not to expand their data center site in Abilene, Texas, from 1.2 GW to 2 GW, according to Bloomberg. Apparently, Oracle and OpenAI's expansion plans were ...

Oracle's shares fell more than 15% last year, with its December results showing about $10 billion in cash burn for the first half of the fiscal year Enterprise software company Oracle is planning ...

March 5 (Reuters) - Enterprise software company Oracle is ⁠planning ⁠thousands of job cuts as ⁠it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on ...

(KRON) — Oracle is reportedly gearing up to cut thousands of jobs in order to fund AI data centers. According to a widely cited report in Bloomberg, the tech giant is facing a cash crunch as it looks ...

The past week has been a brutal one for many working in the tech and financial industries. Thousands of jobs have been lost—or will be lost soon—from companies including Block, Morgan Stanley, Capital ...

Oracle last reported an employee count of about 162,000 in May 2025. With just days until Oracle’s third fiscal quarter results call, reports have emerged that the vendor plans to cut thousands of ...

Next week brings a slate of potentially market-moving events, with inflation data front and center. Wednesday's consumer-price index and Friday's personal-consumption expenditures index will offer the ...

US equities ended the week starkly in the red as the war in Iran and the ensuing surge in global oil prices have rankled the global economy. No corner of the market has been left untouched, and most ...

Oracle and OpenAI have scrapped plans to expand their flagship Stargate data centre in Abilene, Texas, after months of failed negotiations over financing and shifting demand. The collapse comes ...