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Oracle cuts about 500 jobs in Romania as AI restructuring rolls on

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On the morning of June 25, Oracle began telling roughly 500 of its Romanian employees that their jobs were gone, part of the company’s long-running global reorganisation toward cloud and artificial intelligence. Oracle has not commented publicly on the exact number of local roles affected. It is the second such round in Romania in under […]

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Oracle cut 21,000 jobs this year and its SEC filing explicitly blames AI

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Oracle’s global workforce fell to 141,000 full-time employees as of 31 May 2026, down from 162,000 a year earlier, a net reduction of roughly 21,000 people. The company’s annual regulatory filing stated plainly that “the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.” It […]

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Oracle spent $55.7 billion on data centres in a single year, beat its own guidance by $5.7 billion, and wants to raise another $40 billion

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Oracle reported fiscal fourth-quarter revenue of $19.2 billion, up 21% year on year, and adjusted earnings of $2.11 per share, beating analyst estimates of $19.1 billion and $1.97 respectively. The numbers were overshadowed by capital expenditure that came in well above the company’s own projections. The company spent approximately $55.7 billion on capital expenditure in […]

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Wall Street says Oracle is a buy. The investors selling it can count to $300 billion.

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Oracle’s stock has fallen nearly 50 per cent since hitting a record in September and dropped 14 per cent in the six sessions through Thursday, its worst stretch in months. Of the 51 Wall Street analysts tracked by Bloomberg who follow the company, 41 have buy ratings and only one rates it a sell. The […]

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What you should know about the owners of US TikTok

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​ByteDance, TikTok’s Chinese parent company, recently established a separate American entity to run the app’s U.S. operations. This restructuring aims to separate U.S. TikTok from its Chinese parent, addressing concerns about data privacy and foreign control. The move came after years of pressure from lawmakers, who feared the Chinese government’s potential access to Americans’ data. […]

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