Laid-off Oracle workers tried to negotiate better severance. Oracle said no.

Some found out they didn't qualify for WARN Act protections like two-months notice because the company had classified them as remote workers.
Time

'Everyone’s a Line On a Spreadsheet:' Inside Oracle’s Mass Layoffs and the Workers Fighting Back

Follow this author to personalize your feed and get instant alerts. WHY FOLLOW? Update your preferences in Account Settings Correspondent Oracle chairman and CTO Larry Ellison at the White House in ...
Seeking Alpha

Oracle initiated with bullish views at Wedbush

Wedbush started coverage on Oracle (ORCL) with an Outperform rating and a $225 price target. Shares of Oracle climbed about 1% premarket on Friday. The analysts believe Oracle is on a path to become a ...
Wall Street Journal

Oracle’s Deluge of AI Debt Pushes Wall Street to the Limit

Oracle’s ORCL1.22%increase; green up pointing triangle $300 billion megadeal with OpenAI is testing the limits of Wall Street’s appetite for debt tied to America’s data-center boom. Banks including ...
Forbes

Oracle Lays Off 30,000 As AI Spending Surges

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Oracle Fired 30,000 People by Email. The Same Quarter, It Posted Record Revenue and a $553 ...
Reuters

Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom

Maxson says she aims for investment discipline Oracle faces investor concerns over growing spending Oracle shares have dropped about 25% this year April 6 (Reuters) - Oracle (ORCL.N), opens new tab on ...
Business Insider

Debris from an intercepted missile struck Oracle's Dubai office days after Iran threatened US companies in the region

Falling debris from an intercepted missile has damaged the Dubai office of American tech giant Oracle, city officials said on Saturday. "Authorities confirm that they responded to a minor incident ...
The Business Journals

Oracle cuts 539 Kansas City roles, part of layoffs that could reach 30,000

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min As part of a nationwide wave of ...
USA Today

Oracle reportedly undergoing round of layoffs amid push toward AI

Oracle has cut an unspecified number of jobs as the software giant looks to reduce costs and continue growing its artificial intelligence business, according to former employees and multiple reports.
Reuters

Oracle begins layoffs affecting thousands, CNBC reports

March 31 (Reuters) - Cloud computing firm Oracle (ORCL.N), opens new tab is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter. Late on Tuesday, ...
CNBC

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

Oracle is conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, the people said. The software maker has continued to increase spending on data ...
SFGate

Oracle reportedly blindsides staff with emailed layoffs, more than 150 from Bay Area

LATEST April 2, 3 p.m. More than 150 workers from Oracle’s Pleasanton campus at 5815 Owens Drive will be included in companywide layoffs, according to a WARN notice sent to the California Employment ...