Mint

Oracle shares plunge 13% to 4-week low as AI-driven spending plans spook investors

AI Quick Read Shares of Oracle Corp crashed 13% on Thursday, 11 June, falling to a four-week low of $175.3 apiece on the New York Stock Exchange as investor sentiment turned cautious after the company ...
TheStreet.com

Oracle Q4 2026 Earnings Call: $ORCL falls after announcing $40 billion raise as capex spend exceeds expectations

This concludes TheStreet’s coverage of Oracle’s Q4 2026 earnings. While the hyperscaler bested analyst expectations to cap off its fiscal year 2026, the company also spent more than expected on its ...
24/7 Wall St

Live: Will Oracle Crush Q4 Earnings After the Market Closes Tonight?

Oracle (ORCL) shares dropped 16% ahead of earnings despite last quarter's 20%+ revenue growth and RPO surging 325% to $553B. Despite an 85% beat probability, Oracle must deliver strong RPO and cloud ...
Mint

Oracle layoffs: 30,000 job cuts likely by June 15 despite booming cloud, AI growth and strong earnings

AI Quick Read Oracle Corp has moved into the final phase of what is expected to be its largest workforce reduction, with thousands of employees reaching official separation dates between June 1 and ...
techtimes

Oracle’s 30,000 Layoffs Enter Final Phase: Sign the Release or Forfeit Severance

The largest workforce reduction in Oracle's 49-year history crossed a legal threshold today, June 1, as the first cohort of U.S. employees reached their official last working day under the federal ...
Becker's Hospital Review

VA going live with Oracle Health EHR

The U.S. Department of Veterans Affairs plans to go live April 11 with its new Oracle Health EHR at four medical centers in Michigan, The Detroit News reported April 10. The sites will be Ann Arbor, ...
Fox Business

Oracle hires new CFO with $950K salary as thousands face layoffs

Oracle on Monday announced it hired a new chief financial officer after the software giant moved forward with layoffs last week. The company announced that Hilary Maxson will serve as the new CFO, ...
The Next Web

Oracle is cutting up to 30,000 employees to pay for AI data centres

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162 ...
Inc

Why Oracle Is Cutting 30,000 Jobs Despite a Massive $6 Billion Quarterly Income

Oracle is joining a growing wave of tech companies cutting jobs as they pour billions into artificial intelligence. This morning, the company began implementing sweeping layoffs across multiple ...
MLive

Judge denies rural neighbor’s effort to intervene in OpenAI, Oracle data center suit

ANN ARBOR, MI — A Washtenaw County judge on Friday denied a resident’s attempt to stop a planned data center being built in Saline Township. Rural resident Kathryn Haushalter, who lives near the ...
MLive

Traffic problems reported as OpenAI, Oracle data center construction ramps up

SALINE TWP., MI — Construction truck traffic got even heavier this week on Michigan Avenue/U.S. 12 through the Saline area with residents already reporting issues since late last year. It is due to ...