Kunst compares Oracle's (ORCL) AI hype to 1999 dot-com mania, with shares already down 47% from their September peak. Oracle's OpenAI-heavy backlog hit $638 billion but free cash flow turned negative ...
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Thank you, Lisa, and good afternoon, everyone. Welcome to Oracle's Fourth Quarter and Fiscal Year 2026 Earnings Conference Call. On the call today are our Chief Executive Officer, Mike Sicilia; Chief ...
Oracle is set to report earnings Wednesday afternoon, with the cloud computing giant's stock seen making a big swing after the results.
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Of the major players in artificial intelligence, a few might reasonably be considered picks-and-shovels companies. Nvidia, led by Jensen Huang, is one. Another is Oracle, which under Larry Ellison has ...
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 ...
As was widely reported, Oracle axed an estimated 20,000 to 30,000 people via email on March 31. One of the employees cut that day told TechCrunch about the experience: “I had, like, this weird feeling ...
Why do layoffs like Oracle’s feel so jarring? One potential answer is the sheer magnitude. Tens of thousands of people losing their jobs in one sweep should rightfully shock anyone, yet Paul Slovic’s ...
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 ...