News

Summary: Oracle has laid off about 13% of its global workforce over the past fiscal year. Are these job cuts bullish or bearish for ORCL shares’ long-term thesis? Let’s find out!

Oracle's headcount fell 13% to 141,000 employees, with AI-linked reductions contributing to workforce cuts.

Oracle has been my focus this month, and the recent selloff has only sharpened that focus. The stock has dropped 29.45% since June 1, the financial press is hyperventilating about cash burn, and my cost basis keeps falling while my conviction keeps rising. That combination is rare. I am going to use it. Here is ... Why I Can’t Stop Buying This $553 Billion AI Infrastructure Gatekeeper

I’m opening with the headline number. Our 24/7 Wall St. price target for Advanced Micro Devices (NASDAQ:AMD) is $586.55 over the next 12 months, against a current quote of $551.63. That implies 6.33% of upside and a buy recommendation, with our model registering 90% confidence. The setup is unusual: a stock that has already run ... Over 40 Analysts Rate AMD a Buy, Here’s Why We Agree

The company reduced headcount by about 21,000 over the past year.

The Nasdaq Composite and S&P 500 Index were down in late-morning trading Tuesday, while the Dow Jone

By Karen Roman Vinson & Elkins said it appointed Jason Marty as new Chief Operating Officer starting June 29, 2026, succeeding Adam Kassoff who plans to retire and who will remain in the firm for a transition period. Mr. Marty has over 20 years of leadership experience at diverse international law firms including Baker McKenzie […] The post Vinson & Elkins Appoints Jason Marty as New COO appeared first on CorpGov.

Oracle (NYSE:ORCL) at $175 looks compelling on the data. The stock has been pulled into the broader software compression trade even as its Q4 report revealed a $638 billion AI backlog that locks in years of forward revenue. Oracle sells database software, enterprise applications such as Fusion and NetSuite, and Oracle Cloud Infrastructure (OCI), which ... Tech Compression Dragged Oracle Stock to $175, but Its Unbelievable $638 Billion AI Backlog Makes It an Automatic Buy

Oracle's financial position and doubts about its largest AI client have weighed on the stock.

Investing.com -- Oracle Corporation eliminated 21,000 positions over the past year, representing nearly 13% of its workforce, as the technology sector continues widespread job cuts linked to artificial intelligence adoption.

The volatility in tech stocks isn’t stopping SpaceX’s first-ever bond sale. A day after holding calls with investors, Elon Musk’s rocket/internet/AI company is expected to issue at least $20 billion of bonds to pay back an earlier loan from banks and possibly fund other spending, according to investors familiar with the matter.

Bloom Energy (NYSE:BE) at $345.85 looks priced for perfection. The fuel cell maker has become the market’s favorite proxy for the AI data center power crunch, and that narrative has stretched valuation past the point where even flawless execution can justify the price. Bloom builds solid oxide fuel cell systems that generate on-site power for ... Buy, Hold, or Sell: Bloom Energy Stock Ripped Past $345 to an All-Time High. Is This AI Energy Play a Dangerous Value Trap?

Badly damaged tech company Oracle (NASDAQ: ORCL) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company’s total workforce. Oracle took a charge of $1.84 billion. In its 10K, the company explained “… improve operational efficiencies, including through the adoption and integration of AI technologies…” But is that ... Did Oracle Need To Fire 21,000 Because It Is In Trouble?

It’s a rough day for stocks that have benefited from the AI rally this year. These stocks are among the deepest in the red this morning: Chip makers: Micron Technology is down 12%. Advanced Micro Devices, Marvell Technology and Qualcomm fell between 6% to 9% at the opening bell.

Oracle Corp (NYSE:ORCL, XETRA:ORC) has reduced its workforce by about 21,000 employees over the past year, citing the deployment of artificial intelligence technologies across its operations, according to its annual filing. The software and cloud company employed approximately 141,000...

Wall Street closed mixed on Monday, pulled down by tech and discretionary stocks.

Oracle cut 21,000 jobs in the past year.

Stock Market Today: The Dow Jones index dropped, while tech futures plunged as Micron, Nvidia and Sandisk dived premarket.

Oracle disclosed a 2026 headcount of 141,000, down by 21,000 from a year earlier, after a round of AI-related layoffs.

The company spent $1.8 billion on restructuring costs as it cited AI deployment as a driver of workforce reductions

Oracle cut headcount 13% as AI adoption and data center spending reshape its cost base.

Oracle cut around 21,000 jobs last year as the tech company continued to develop its artificial-intelligence business and made heavy investment in data centers. The cuts are part of a wider trend among tech firms as they spend hundreds of billions of dollars building out AI infrastructure.

Restructuring reflects broader shift toward automation.

Oracle has been cutting jobs to focus on artificial intelligence. The moves haven’t helped the stock.

<body><p>STORY: Oracle's total workforce declined 13%, or about 21,000 employees, in its fiscal 2026.</p><p>It's as the cloud computing giant continued restructuring its business...</p><p>partly driven by the adoption of AI across its operations.</p><p>The company had a total workforce of 141,000 as of May 31...</p><p>down from about 162,000 as of the same period last year.</p><p>Oracle's annual filing said it spent $1.84 billion in severance payments and other exit costs.</p><p>It follows multiple reports earlier this year about Oracle cutting thousands of jobs.</p><p>The company did not respond to a Reuters request for comment.</p><p>Worries are quickly mounting over job losses due to AI disruption.</p><p>196 tech companies laid off more than 119,000 employees so far this year...</p><p>That's according to a website tracking sector-wide job cuts.</p><p>Oracle has in recent months signed massive data-center deals with OpenAI and Meta...</p><p>to compete more forcefully with rivals such as Amazon and Microsoft.</p><p>However, unlike these tech giants who fund their substantial outlays through large cash flows, Oracle has had to resort to burning cash and issuing debt.</p><p>Shares of the company are down about 10% this year.</p></body>

↘️ Samsung Electronics (KR:005930): The memory-chip giant tumbled 12% as the technology sell-off hit Asia. Its South Korean rival SK Hynix fell 12%, while Japan’s SoftBank Group slid 10% in Tokyo. ↘️ Micron Technology (MU): The U.

After a decade of reinvention, the technology giant is posting strong software and infrastructure numbers, but its own cautious guidance raises the central question for investors.

(Bloomberg) -- SpaceX shares extended declines in premarket trading, a day after the company saw the second-largest single-session drop in market value on record. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred, Taps Founder to Head Wh

Futures for the Nasdaq were more than 2% lower in early European trade as a global selloff in technology stocks gathered pace.

Billionaire Larry Ellison has cut 21,000 jobs at Oracle as bosses claimed AI was increasingly replacing human workers.