Oracle Corp. agreed to purchase as much as 2.8 gigawatts of fuel-cell power from Bloom Energy Corp. to supply data centers for artificial intelligence work.

IT firm Oracle announced a brutal layoff impacting 30,000 employees across the world in a 6am email on March 31. Informing the employees that March 31 was their last working day, the email said the ...

Cloud computing firm Oracle is laying off thousands of employees to cut costs, CNBC reported. According to Business Insider, employees have started receiving notifications on Tuesday. The full extent ...

The layoffs have had a significant impact on Oracle’s India operations. Reports indicate that around 12,000 roles may be affected across the company’s development centres. Teams within Oracle Fusion ...

Oracle announced sweeping layoffs on Tuesday — with thousands of employees waking up to a 6:00 am email terminating their employment. “After careful consideration of Oracle’s current business needs, ...

Oracle shares traded slightly lower on Wednesday after news that the company was laying off thousands of workers. The software giant recently said it is raising $50 billion for its data center ...

In February, Oracle had announced plans to raise up to $50 billion this year to fund its 'rapidly growing' cloud infrastructure business. Thirty thousand Oracle employees woke up on Tuesday to a cold ...

US-based IT firm Oracle has reportedly laid off around 12,000 employees in India, a PTI report said citing employees impacted by the same. They also said that another round of job cuts could take ...

Thousands of Oracle workers woke Tuesday to an email from their employer informing them that their jobs had been cut with immediate effect, in what appears to one of the largest mass layoffs in the ...

Oracle stock rose 6% as the cloud-computing and database company began to reduce its work force. The cuts come as Oracle builds out costly data centers for artificial-intelligence development. The ...

Oracle has cut an unspecified number of jobs as the software giant looks to reduce costs and continue growing its artificial intelligence business, according to former employees and multiple reports.

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 ...