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Oracle (ORCL) trades at just 16x forward earnings despite 93% cloud infrastructure growth and a $638 billion contracted backlog. $55.66 billion in AI capex drove negative free cash flow, but funds ...

Research by Gartner Peer Insights has found that 23% of tech leaders are spending $200 to $500 per developer per month on tokens for artificial intelligence (AI) coding agents, such as Claude Code, ...

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 ...

Peoples Savings Bank is suing development firm Blackbird Investments and its president for $33 million in unpaid loans. Blackbird missed a construction deadline on a 33-story apartment building in ...

Oracle reduced its global workforce by about 13% during its 2026 fiscal year, eliminating roughly 21,000 jobs as the company continued a broad restructuring of its business, according to its latest ...

Oracle is spending big on artificial intelligence—to the tune of $70 billion this year alone—in order to build data centers and AI-capable servers. But that AI expansion hasn’t come without a human ...

It has now been more than nine months since Oracle's report for the first quarter of fiscal 2026 (ended Aug. 31, 2025). At the time, its remaining performance obligation (backlog) in fiscal Q1 had ...

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Oracle fired 21,000 workers citing AI adoption, but stock down 14% and negative free cash flow of $1.87 billion suggest financial distress. Unlike MSFT and GOOG, Oracle burned $23.7 billion in cash ...

The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday. In its annual regulatory filing for the fiscal year ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Oracle's head count has been shrinking as it made layoffs to cut costs — and now there's a number ...