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Tag: Oracle

Tech

Oracle cuts 21,000 jobs as AI restructuring accelerates globally

Oracle reduced its workforce by approximately 21,000 employees over the past year, representing nearly 13 per cent of its staff, as major technology companies continue to streamline operations amid the growing adoption of artificial intelligence. In its annual regulatory filing released on Monday, Oracle reported that it employed 141,000 full-time workers as of May 2026, […]

Tech

Oracle warns of security bug as hackers targets 100+ firms

Oracle has issued an urgent warning to customers over a critical security flaw in its PeopleSoft enterprise software, after cybercrime group ShinyHunters claimed responsibility for a large-scale hacking campaign that allegedly compromised more than 100 organizations worldwide. The software giant released a security advisory on Thursday, cautioning that the vulnerability can be exploited remotely over […]

EU probes TikTok over breach of privacy
Tech

Oracle discloses $2.2bn stake in TikTok US operations

Almost two months after TikTok’s United States operations were transferred to a consortium of investors, Oracle has revealed its financial stake in the venture. In its quarterly filing on Wednesday, Oracle reported holding $2.2 billion in “non-marketable debt investments and equity securities and related instruments” for the period ending February 28. The filing noted that […]

Oracle expands AI tools in NetSuite to streamline business processes
Tech

Ellison falls in world’s richest ranking amid Oracle stock slump

A wild, AI-driven surge in Oracle Corp. shares briefly made Larry Ellison the world’s richest person in September, but a sustained decline since then has erased those gains and more, slicing $130 billion off his net worth. Oracle’s slump has propelled Alphabet co-founder Larry Page past Ellison, placing him second on the Bloomberg Billionaires Index […]

Oracle expands AI tools in NetSuite to streamline business processes
Tech

Oracle shares jump 5% on strong growth, Meta cloud deal

Oracle shares rose by as much as 5 per cent on Thursday after the company projected stronger growth in its core businesses and confirmed a cloud-computing partnership with social media giant Meta. The database software maker expects revenue from its AI-powered database and data platform to surge to $20 billion in fiscal 2030, up from […]

Oracle expands AI tools in NetSuite to streamline business processes
Tech

Oracle expands AI infrastructure with major AMD chip rollout

Oracle Cloud Infrastructure said Tuesday it will roll out 50,000 Advanced Micro Devices graphics processors starting in the second half of 2026. AMD shares rose about 2 per cent, while Oracle fell 4 per cent and Nvidia slipped more than 3 per cent. The deployment underscores growing momentum among cloud providers adopting AMD chips as […]

Oracle expands AI tools in NetSuite to streamline business processes
Tech

Oracle’s longtime security chief steps down amid company shake-up

Oracle Corp.’s longtime chief security officer, Mary Ann Davidson, is leaving the company as part of a recent reorganisation, according to a person familiar with the matter. Davidson, widely regarded as one of the most senior women in the cybersecurity industry, joined Oracle in 1988 after serving as a civil engineer in the U.S. Navy. […]

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