The job cuts made headlines. But the bigger story is what's funding them.
Oracle unleashes AI agents, Xero levels the playing field and Finite State secures top award.
Oracle carried out layoffs in March. A new filing shows how much smaller the workforce is compared to this time last year.
Oracle's earnings had an opportunity to turn around the recent malaise with tech stocks. Instead, it announced it would raise more money, adding to worries.
Oracle's financial position and doubts about its largest AI client have weighed on the stock.
June 22 (Reuters) - Oracle's total workforce declined 13%, or about 21,000 employees, in fiscal 2026, as the cloud computing ...
Oracle blew past earnings expectations and grew its contract pipeline to $638 billion, but Wall Street is concerned about its rising AI costs.
Oracle is getting out of the advertising business. The company disclosed that it plans to wind down its advertising division while reporting its fourth-quarter earnings for its fiscal year of 2024.
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