Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. Read more at straitstimes.com. Read more at straitstimes.com.

June 22 : Oracle's total workforce declined 13 per cent, or about 21,000 employees in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven…

June 22 : Oracle's total workforce declined by about 13 per cent, or 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly…