Mint

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Oracle Layoffs: Tech major Oracle is planning to slash up to 30,000 jobs to fund AI data centres, a new report has said. According to a report by CIO citing research published this week by investment ...
Mint

Oracle layoffs: Which departments will get affected? Here's what we know

Tech major Oracle is reportedly planning to cut as many as 20,000 to 30,000 jobs globally, as the company looks to redirect resources towards building Artificial Intelligence data centres, a report by ...
CNBC

Oracle's credit default swaps are plummeting as financing plan boosts investor confidence

Oracle revealed plans to raise up to $50 billion in debt and equity to finance its massive data center commitments The company's 5-year credit default swaps fell 17% as the likelihood of a credit ...
Indiatimes

Oracle makes a public clarification on the deal that analysts say will be behind company laying off up to 30,000 employees: We remain highly...

Oracle is defending its substantial AI partnership with OpenAI amidst reports of potential job cuts to fund infrastructure. Despite a stalled Nvidia deal, Oracle remains confident in OpenAI's funding ...
Gulf News

Oracle mulls laying off up to 30,000 employees to fund AI infra: Report

Potential layoffs 'largest in Oracle’s recent history', could free up $8b to $10b Mumbai: US tech giant Oracle is planning to cut 20,000 to 30,000 jobs and sell parts of its activities to help finance ...
Fast Company

Oracle chases $50 billion for AI build-out as doubts mount on Wall Street

Oracle shares fell 2% on February 2 following the company’s announcement that it planned to raise upwards of $50 billion in 2026. That spike came after Oracle reported a 359% increase in its remaining ...
Seeking Alpha

Oracle plans massive $50B debt-and-equity raise; shares up

Oracle (ORCL) on Sunday said it expects to raise $45B to $50B in 2026 to build additional capacity for its cloud infrastructure business. Shares in the software company rebounded to gain 4% after ...
Reuters

Oracle shares gain as $50 billion raise eases data-center funding fears

Feb 2 (Reuters) - Oracle (ORCL.N), opens new tab shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to ...
Seeking Alpha

Oracle: Capital Raises De-Risk AI Story

The big news of the week is Oracle Corporation (ORCL) working towards a big capital raise to help clear the worries regarding funding for major data center projects. The AI data center company raising ...
PCGamesN

The Rust Naval update is just the start of an exciting year, as Facepunch promises to keep "evolving" with a new roadmap

As the Rust Naval update finally sails into port, you'd be forgiven for assuming developer Facepunch Studios was ready for a break. More than 12 years on from its initial early access launch, the ...
Sportskeeda

Rust Naval update: Everything to do in the Deep Sea

The Rust Naval update is live, and with it comes a plethora of new things to do and places to explore. The main attraction for this update is, of course, player-made boats, but the real hype behind it ...
InvestmentNews

Investors sue Oracle, allege executives dumped $1.87B amid AI hype

Investors allege Oracle misled them about AI infrastructure returns while top executives unloaded shares at inflated prices. A securities class action filed this week in Delaware federal court accuses ...