Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.

Here's the severance package Oracle offered laid-off US employees

Severance includes 4 weeks base salary plus 1 week per year of employment.

Oracle: Multicloud A Recurring Revenue Engine

Oracle Corporation delivered its strongest quarter in 15 years, with Q3 revenue up 22% YoY to $17.2 billion and cloud revenue ...

Oracle stock jumps 10% on earnings beat and increased guidance as cloud revenue climbs 44%

Oracle's overall revenue increased 22% year over year in the fiscal third quarter, which ended on Feb. 28, according to a ...

This Decision in 2019 Was Oracle's Smartest Move -- and It May Be the Ticket to Explosive AI Growth.

Oracle has put its focus on the cloud.

Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center ...