Software giant Oracle has named Hilary Maxson as its new chief financial officer amid thousands of layoffs that sent ...

AI companies are spending vast sums of money on data centers — infrastructure expenditures that come with some hair-raising price tags. As Bloomberg reported last week, Larry Ellison’s Oracle may have ...

Oracle began layoffs on Tuesday as it seeks to cut costs. Read the email it sent to affected employees.

Several workers at the Texas-based tech giant expressed the shock of being part of the downsizing on the social media ...

Up to 10,000 employees have been impacted by the decision, which Oracle said was part of a "broader organizational change." ...

Oracle is laying off thousands of employees as the database giant pours resources into its AI data center buildout.

Severance includes 4 weeks base salary plus 1 week per year of employment.

Oracle has offered severance pay to 30,000 laid-off employees, amounting to four weeks' salary plus additional weeks based on ...

AI giant Anthropic compared observed AI exposure and theoretical AI capability in the labour market. The analysis shows that AI is still far from reaching its theoretical potential. The impact of ...