Topic
oracle
Technology Oracle Cuts 21,000 Jobs in Major Restructuring to Focus on AI, Annual Report Shows
Oracle cut 21,000 jobs globally in the past year, according to its latest annual report, as the technology giant pivots to AI. The reductions, about 13% of its workforce, resulted in $1.8bn in severance costs. The company warned that restructuring may cause productivity loss but is necessary as it invests heavily in AI infrastructure.
Technology Oracle Sheds 21,000 Jobs in a Year as AI Replaces Some Roles, Annual Report Shows
Oracle cut about 21,000 jobs in the past year, citing AI deployment as a factor. The company paid $1.8bn in severance and warned of further workforce reductions. The cuts are part of a wider tech industry trend with over 100,000 layoffs.
Business Oracle and Swades Foundation Rural Livelihoods Programme Empowers Over 900 Women Farmers in Maharashtra
In its first year, the Oracle-Swades Foundation rural livelihoods programme has trained over 900 women farmers and entrepreneurs in Nashik and Raigad districts, focusing on high-value crops like Safed Musali and dairy farming. The initiative also supported 62 women entrepreneurs with seed capital, aiming to create sustainable income opportunities.
Technology Oracle Warns of Critical PeopleSoft Vulnerability Exploited by ShinyHunters, Affecting Hundreds of Organizations
Oracle has issued a security advisory for a critical remote code execution vulnerability (CVE-2026-35273, CVSS 9.8) in PeopleSoft versions 8.61 and 8.62. The extortion group ShinyHunters is exploiting it, claiming to have breached over 100 organizations and exfiltrated data from ~300 instances. Google's Mandiant reported zero-day exploitation between May 27 and June 9, 2026, and alerted over 100 potentially vulnerable entities.