Oracle

Oracle has eliminated nearly 30,000 jobs globally as huge investments in AI data centres and infrastructure strain its finances despite strong revenue growth

Tech giant joins industry peers in pivoting towards AI infrastructure, triggering a massive workforce restructure across global and Indian operations

The technology sector has seen major job cuts recently, with companies including Oracle, TCS, Amazon, Microsoft, Intel and Block cutting thousands as they restructure and invest in AI

US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees. "In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department. The company has approximately 30,000 employees in India, including those affected by the layoffs. Oracle declined to comment on the development. Oracle, in an email sent to staff, said the employees were informed about certain organisational changes and "because of these changes, a decision has been taken to streamline the operations, and as a result, unfortunately, the position you currently hold will become redundant". The company has offered 15 days' salary to each employee who has completed a year of service in India, in add

The new entity, known as TikTok USDS Joint Venture LLC, will be responsible for moderating content on TikTok and protecting the data of US users

The reductions being planned are expected to be wider-reaching than the company's typical rolling job cuts

The private sector lender says Oracle Fusion Cloud Applications have helped unify finance, HR and customer experience operations, driving automation, productivity gains and cost savings

US software major Oracle is considering its biggest round of layoffs in years, as financing pressure mounts around its ambitious AI data centre expansion.

Oracle is raising money to build additional capacity to meet the contracted demand from the company's largest cloud customers, including Advanced Micro Devices

Employees linked to data centres and non-core units are likely to be most at risk

Some stocks that rallied last year have been among the biggest laggards of 2025, while many underperformers have emerged as winners

After Warner Bros board rejected its offer, Paramount Skydance said Larry Ellison will provide a $40.4 billion irrevocable personal guarantee backing its $108.4 billion bid

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent, tracking mostly higher US markets on Thursday - the Dow and Russell 2000 indices hit new highs but the Nasdaq fell

Sensex Today | Stock Market Highlights, December 12, 2025: In the broader markets, the Nifty MidCap index advanced 1.18 per cent, and the Nifty SmallCap index 0.94 per cent

SoftBank Group Corp.'s shares have tumbled 40 per cent from late October, while Oracle Corp.'s stock has given up all gains made since early September

Sensex Today | Stock Market close: In the broader markets, the Nifty MidCap 100 rose marginally by 0.1 per cent and the Nifty SmallCap 100 indices fell 0.1 per cent, respectively

Sam Altman and his top team at OpenAI struck chip and infrastructure deals worth up to $1.5 trillion with Nvidia, AMD, Oracle and others, often without help from bankers or lawyers

They claim to be affiliated with a criminal outfit called Cl0p, which began sending extortion emails on or before Sept 29, according to the head of cybercrime at Google Threat Intelligence Group

TikTok and Oracle have spent years and billions securing US user data under "Project Texas," closely resembling the plan Trump outlined this week

The rough estimate, cited by Vice President JD Vance on Thursday, is well below previous projections that scaled closer to $40 billion