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  • Oracle Cut 21,000 Jobs in One Year to Fund Its AI Expansion and Now Warns the Strategy Could Backfire
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Layoffs
Oracle Cut 21,000 Jobs in One Year to Fund Its AI Expansion and Now Warns the Strategy Could Backfire
Founder News Team Jun 25, 2026 0

Oracle eliminated approximately 21,000 jobs globally over the past year, its annual report reveals, reducing its workforce from 162,000 to…

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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies. By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
cover Cyprus businesses invited to EU-India AI innovation webinar
Cyprus Pushes EU Firms Toward India’s 1,500 AI Global Capability Centres
Aug 25, 2026
Bay Area-based Electronic Arts to lay off hundreds of workers
EA Cuts 600 Jobs Despite $1 Billion Profit
Aug 25, 2026
A policeman talks to a local resident next to the bodies of two people killed during an overnight Russian attack in Kyiv, Ukraine, Thursday, Aug. 20, 2026. (AP Photo/Francisco Seco)
Russia Kills 16 in Kyiv While Ukraine Answers With 726-Drone Counterstrike
Aug 25, 2026
Read on Terminal Reader
AI Amplifies Strong Teams but Crushes Weak Ones, New Data Shows
Aug 25, 2026
Innovation Framework ’ll Engender Growth For Tech Hubs – NITDA
Nigeria’s 339 Tech Hubs Undergo National Standards to Spread Startups Beyond Lagos
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