Next week brings a slate of potentially market-moving events, with inflation data front and center. Wednesday's consumer-price index and Friday's personal-consumption expenditures index will offer the ...

Oracle may take drastic cost-cutting steps to improve its cash flow stress. In the cost-cutting move, the software giant may reduce its workforce by 20,000 to 30,000 for AI data-centre expansion. The ...

Oracle has confirmed that financing for its Port Washington data center is on schedule. The Port Washington campus is part of a larger partnership with OpenAI to develop artificial intelligence.

Oracle is considering laying off about 20,000 to 30,000 employees. The multinational company is even mulling to sell off some of its activities, since banks in the US have pulled back from financing ...

Oracle is reportedly considering cutting between 20,000 and 30,000 jobs to fund its artificial intelligence (AI) data centre buildout. As per the report, several US banks have backed out of funding ...

Employees linked to data centres and non-core units are likely to be most at risk. Customers are also likely to feel the impact. To cut costs, Oracle is asking new customers to pay 40 per cent of fees ...

Oracle Layoffs 2026: Oracle Considers Up To 30,000 Job Cuts As Funding Pressure Builds: Oracle is weighing deep cost-cutting measures, including tens of thousands of layoffs and potential asset sales, ...

Did our AI summary help? Oracle is preparing for what could be one of the biggest job cuts in its history as it struggles to fund an ambitious push into artificial intelligence data centres. According ...

Michigan regulators unanimously approved a request from utility DTE Energy Co. to power a massive data center development planned by Oracle and OpenAI, during a contentious hearing where some members ...

Dec 17 (Reuters) - Oracle said talks for an equity deal to support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations with ...

The tech sector sold off as investors took in a report that Oracle's $10B data center for OpenAI is in jeopardy. Sources told the FT that talks to build the data center have stalled due to concerns ...