Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billionLarry Ellison has scrapped his strategy to unload up to fifty million shares of Oracle. No shares have been sold under this plan, and there...
13 Sep, 2026, 09.39 AM IST
For the US news industry, a tough summer draws to a close with McClatchy chain's cutsMcClatchy newspaper chain has implemented significant layoffs affecting over ninety unionized journalists. These cuts impacted seventeen pu...
12 Sep, 2026, 10.04 AM IST
Oracle to spend $700 million more on restructuring costs as it ramps up AI spendingIn a bid to enhance its AI capabilities, Oracle has decided to raise restructuring costs by $700 million, making the total amount for its f...
12 Sep, 2026, 06.50 AM IST
Oracle rises as AI-fueled backlog growth deflects spending worriesOracle shares rose 3% in early trading after a $26 billion increase in its revenue backlog eased concerns over its debt-funded AI spending....
11 Sep, 2026, 07.36 PM IST
Oracle shares rise as AI cloud backlog beats estimatesOracle shares rose significantly after reporting strong quarterly results. The company secured over thirty billion dollars in new AI cloud ...
11 Sep, 2026, 03.12 PM IST
UAE revises AI data center plan after Iranian attacks, sources sayIn light of recent attacks linked to Iran, the UAE is re-evaluating its extensive AI data center project. Officials are contemplating distr...
11 Sep, 2026, 02.59 PM IST
Oracle earnings show slower cash burn as AI spending starts to pay off; stock jumps 4% after marketOracle’s latest earnings offered investors relief as stronger-than-expected revenue and a smaller cash burn eased concerns over its heavy A...
11 Sep, 2026, 12.25 PM IST
Oracle tops estimates as AI demand tempers cash-burn fearsShares of the company, which have slumped more than 21% this year, rose 4% in extended trading after Oracle reported a jump in revenue back...
11 Sep, 2026, 08.33 AM IST
AI's left hand begins to take away jobs before its right hand canIn response to soaring chip prices, Samsung India is downsizing its electronics division. The burgeoning demand for specialized chips fuele...
08 Sep, 2026, 03.26 PM IST
AI startup Crusoe valued at $30 billion after new fundingSeparately, the startup has signed a five-year cloud contract with trading firm Jane Street Group valued at around $13 billion, Bloomberg ...
04 Sep, 2026, 09.40 AM IST
As Uber cuts 3,000 jobs, an ex-employee reaches out to those impacted with referrals, job openings and hopeFormer Uber employee Kim Wilkes offered support to workers affected by the company’s latest layoffs. She said she was willing to make intro...
03 Sep, 2026, 11.41 AM IST
Uber Layoffs: CEO Dara Khosrowshahi Says “This wasn’t a decision we made lightly” as company cuts 3,300 jobs globallyIn a bold move, Uber is set to cut its workforce by roughly ten percent, affecting around 3,300 staff members. This decision is part of a l...
03 Sep, 2026, 08.49 AM IST
Oracle layoffs 2026 September 1 update: US employees ‘watch’ Slack counts after no 6 AM job-cut email — when could layoffs happen?Oracle layoffs 2026: The dreaded 6 am layoff email failed to arrive on September 1, leaving Oracle employees across the US and India watchi...
01 Sep, 2026, 10.11 PM IST
Oracle trims 3,000 India roles; Microsoft places 500 on PIPAround 2% of Microsoft India workforce, which translates to about 400-500 people, may be impacted by a global PIP exercise at the company, ...
01 Sep, 2026, 08.39 AM IST
Oracle 6 a.m. layoff notice: Will more employees get this letter on September 1 that 30,000 received on March 31 morning?On March 31, Oracle executed a massive layoff, affecting thousands of employees worldwide. Notices were sent through email, indicating that...
31 Aug, 2026, 04.23 PM IST
Oracle layoffs September 1: Will employees wake up to another ‘6 a.m. email’ tomorrow after 21,000 jobs were cut as AI spending soars?Oracle layoffs 2026: Employees are reportedly bracing for another round of job cuts after Oracle eliminated around 21,000 positions earlier...
31 Aug, 2026, 04.01 PM IST
Oracle layoffs August 2026 update: Which employees are at ‘high risk’ as fresh cuts loom and what could the severance package look like?Oracle layoffs 2026: Oracle layoffs could be back, with some teams reportedly facing double-digit cuts as employees worry about job securit...
21 Aug, 2026, 06.42 PM IST