Oracle plans to cut thousands of jobs which will free up cash flow as the company aggressively invests in its AI data center ...

The cuts come as the software giant invests billions of dollars in expanding its artificial intelligence infrastructure.

Up to 10,000 employees have been impacted by the decision, which Oracle said was part of a "broader organizational change." ...

Oracle began layoffs on Tuesday as it seeks to cut costs. Read the email it sent to affected employees.

Shares of Oracle rose by 2.5% as of noon Tuesday, marking positive traction for the stock that has declined more than 27% ...

Several workers at the Texas-based tech giant expressed the shock of being part of the downsizing on the social media ...

Oracle began laying off up to 30,000 employees globally, notifying them via a 6 a.m. email from "Oracle Leadership" with no prior warning from HR or managers.

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

Oracle has put its focus on the cloud.

(In March 23 story, corrects headline and paragraphs 1, 4 and 6 to reflect that Oracle introduced agentic apps that work ...

Massey, who was 30 weeks pregnant and spent four years with the company, was laid off via an e-mail sent to her inbox.