Oracle, CoreWeave lead AI selloff on OpenAI growth concerns
Digest more
It’s unclear exactly how many employees lost their jobs, with reports ranging from 10,000 to 30,000. The latter would represent almost 19% of the company’s 162,000 workers.
The abrupt communication, combined with reports of immediate system access revocation, has intensified concerns about how the layoffs were handled.
Employees received termination emails at 6 a.m. on March 31 with immediate system lockouts and no prior warning.
Oracle is joining a growing wave of tech companies cutting jobs as they pour billions into artificial intelligence. This morning, the company began implementing sweeping layoffs across multiple regions and divisions, according to internal communications ...
IT firm Oracle has laid off approxiametly 30,000 employees and sent brutal 6 am emails on Tuesday, which stated that their jobs have been terminated. In India, around 12,000 jobs have been affected and the company is planning another round of layoffs soon.
It was not a phone call. It was not a meeting. For thousands of Oracle employees across the globe, Tuesday morning began with a single email landing in their inboxes just after 6 a.m. EST — and by the time they finished reading it, their careers at one ...
Oracle tumbled by 6% on Thursday after touching an all-time high just a day before. The drop came fast after a brutal reality check: nearly all of its hyped growth is tied to just one client, OpenAI, as Cryptopolitan reported. The sharp reversal hit right ...
Ascent Wealth Partners sold 26,178 shares of Oracle, an estimated $6.64 million reduction based on the quarterly average price for the period ended September 30, 2025. The trade represents 0.8% of Ascent's 13F reportable assets under management. Ascent's ...
It has been about a month since the last earnings report for Oracle (ORCL). Shares have lost about 4.6% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next ...
RADNOR, Pa., March 24, 2026 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against Oracle Corporation (NYSE: ORCL) (Oracle) on behalf of investors who ...