Just days after firing 30,000 employees globally, reportedly due to AI-driven cost-cutting, Oracle has appointed Hilary Maxson as its new Chief Financial Officer (CFO) with a massive pay day. While 12 ...

Software giant Oracle has named Hilary Maxson as its new chief financial officer amid thousands of layoffs that sent shockwaves through the company. Maxson, 48, formerly of Schneider Electric, assumes ...

In July 2025, Oracle and OpenAI formalised what is arguably the largest cloud computing deal in history. OpenAI committed to spending $300 billion on Oracle's infrastructure over roughly five years, ...

Maxson says she aims for investment discipline Oracle faces investor concerns over growing spending Oracle shares have dropped about 25% this year April 6 (Reuters) - Oracle (ORCL.N), opens new tab on ...

The 6am layoff emails caught thousands of Oracle employees off guard. But the warning was hiding in plain sight. Oracle's Q3 FY2026 earnings release, filed on March 10—the same week termination ...

Oracle laid off thousands of people on Tuesday in a move that was widely anticipated as more and more tech companies claim they’ll need fewer workers thanks to the AI boom. The total number of people ...

The tech giant Oracle is expected to lay off thousands of employees as the company, formerly headquartered in Silicon Valley, attempts to address its plummeting stock price tied to artificial ...

Related Digital is finalizing $16 billion of financing for a giant Oracle Corp. data center, after months of stop-and-start negotiations with investors. The developer has been rounding up cash to ...

Oracle Slashes Thousands of Jobs While Doubling Down on AI Expansion Your email has been sent Oracle has begun cutting thousands of jobs as it seeks to ease investor concerns about the scale of its AI ...

Major Bay Area tech company Oracle announced mass layoffs Tuesday, notifying fired employees in an email at 6 a.m.. The message from one of the world’s largest software companies, chaired by ...

Oracle laid off 491 Seattle workers Tuesday, part of broader cuts at the company amid increased artificial intelligence spending and a falling stock price this year. Business Insider first reported ...

Oracle Corp. has begun layoffs that could affect thousands of employees to cut costs amid heavy debt-funded spending on artificial intelligence infrastructure. The Austin-based cloud computing company ...