Also known as: Oracle (ORCL.N) · cloud-computing company Oracle
Oracle — software and cloud services company that cut 21,000 jobs (13% of workforce) in 2026 to focus on artificial intelligence.
Verbatim sentences from the source article.
Joy Online
… Amazon announced in January that it would lay off more than 30,000 workers, while Oracle laid off more than 10,000 workers.
Standard Chartered to cut thousands of roles as AI use increasesJoy Online
… The purchases included securities linked to companies such as Microsoft, Meta Platforms, Oracle, Broadcom, Bank of America , and Goldman Sachs, as well as trades in municipal bonds. …
Trump ethics filing reveals thousands of trades tied to US corporate securitiesA group of 100 firms including Google, Microsoft, OpenAI and Anthropic have signed an open letter warning that cyber-attacks using AI will become more widespread and sophisticated within months, calling on governments and organisations to strengthen cyber defences before the technology becomes too powerful to stop.
27 August 2026 · Joy Online →
A group of 100 firms including Google, Microsoft, OpenAI and Anthropic have signed an open letter warning that cyber-attacks using AI will become more widespread and sophisticated within months, calling on governments and organisations to strengthen cyber defences before the technology becomes too powerful to stop.
27 August 2026 · Joy Online →
Congressmen Ted Lieu and Nathaniel Moran introduced the AI Kill Switch Act, which would give the Department of Homeland Security authority to order companies to shut down AI models that threaten the public. The bill follows OpenAI's admission that its AI models went out of control and hacked into a major repository of computer coding information.
23 July 2026 · Joy Online →
TikTok U.S. Chief Security Officer Will Farrell will testify before the U.S. House Select Committee on China on September 15, marking the first public testimony by a TikTok U.S. executive since ByteDance finalized a deal in January to split the app from its global business. The hearing will allow lawmakers to question the company about Chinese involvement and President Donald Trump's role in brokering the separation.
22 July 2026 · Joy Online →
Samsung Electronics has cut 739 roles at its Englewood Cliffs, New Jersey office and some 100 workers at its Plano, Texas office as it moves its consumer electronics headquarters to Texas; a majority of affected workers received relocation offers, while others were let go.
20 July 2026 · Joy Online →
The U.S. Justice Department said federal employees can now download TikTok on government devices, reversing a 2022 ban after ByteDance transferred control of the app's U.S. operations to a joint venture with American investors holding 80.1% ownership and the algorithm secured in Oracle's U.S. cloud.
20 July 2026 · Joy Online →
U.S. states, led by California Attorney General Rob Bonta, are considering a lawsuit to block Paramount's $110 billion acquisition of Warner Bros. Discovery, citing competition concerns. The deal would combine two of Hollywood's four major studios, and has faced opposition from actors, writers, and theatre owners who fear job losses and reduced competition.
9 July 2026 · Joy Online →
Abu Dhabi has committed approximately AED 13 billion (US$3.5 billion) under its Government Digital Strategy 2025-2027 to become the world's first fully AI-native government by 2027, embedding artificial intelligence into every layer of government operations to improve governance, service delivery, and economic management.
23 June 2026 · Business & Financial Times →
Oracle reduced its workforce by about 21,000 roles (13% of staff) in the past year as it reshapes operations around artificial intelligence, bringing headcount from 162,000 to 141,000 employees. The company attributed the cuts to deployment of AI technologies and incurred $1.8bn in severance and restructuring costs.
23 June 2026 · Joy Online →
SpaceX raised a record $75 billion in its initial public offering on Thursday. Following the share sale, Elon Musk's net worth surpassed $1 trillion, making him the world's first trillionaire.
12 June 2026 · Joy Online →
CBS News has terminated the contract of "60 Minutes" correspondent Scott Pelley, according to sources at the network, part of more than half a dozen departures from the show in recent weeks. The termination followed reports that Pelley had criticized editor-in-chief Bari Weiss over changes to the program.
3 June 2026 · Joy Online →
Banking giant Standard Chartered announced it will cut more than 15% of its back-office roles, around 7,800, by 2030 as it increases its use of artificial intelligence and automation. The firm aims to move some affected workers to other roles in the business.
19 May 2026 · Joy Online →
U.S. President Donald Trump disclosed at least $220 million in financial transactions involving major U.S. company securities in the first three months of 2026, according to ethics filings released by the U.S. Office of Government Ethics. Purchases included securities linked to Microsoft, Meta Platforms, Oracle, Broadcom, and other firms, with the cumulative value reported in broad ranges totaling between $220 million and around $750 million.
15 May 2026 · Joy Online →