Oracle News: Latest Releases & Events

All 2 Oracle entries of the AI News timeline, newest first.

2026

2026-06-23

2026 Major Tech Layoffs Driven by AI
A comprehensive overview by TechCrunch details widespread tech industry layoffs throughout 2026 where companies explicitly cited AI adoption as a primary reason for workforce reductions. Major corporations like Oracle, Amazon, Meta, Block, and Google have cut tens of thousands of jobs while simultaneously investing heavily in AI infrastructure and reallocating remaining employees to AI-focused roles. (techcrunch.com)
Amazon Meta Google

2026-03-31

Oracle lays off thousands to fund AI infrastructure buildout
Oracle laid off thousands of employees across sales, engineering, and security departments as it redirects spending toward massive AI datacenter infrastructure projects, including the $500 billion Stargate partnership with OpenAI and SoftBank. Reports suggest the cuts could eventually reach 20,000 to 30,000 positions—up to 18% of Oracle's workforce—with one internal metric showing a drop of 10,000 Slack users overnight. (go.theregister.com)
OpenAI SoftBank