Oracle gave its new CFO $26M in stock after firing up to 30,000 workers. Employee says an 'algorithm' may have targeted those with stock options first

The cuts came as Oracle posted a 95% profit jump and filed 3,100 H-1B visa petitions.
AOL

Oracle's new CFO got $26M in stock after layoffs. Employee thinks 'algorithm' targeted workers with stock options first

This article adheres to strict editorial standards. Some or all links may be monetized. Days after Oracle fired up to 30,000 employees via a 6 a.m. email — as Moneywise previously reported — the ...

Oracle Layoff Reports Put AI Governance And Investor Risks In Focus

Unconfirmed reports suggest Oracle may be planning large scale layoffs that could affect up to 30,000 employees. The reported process is said to involve AI driven and algorithmic decision making in ...
Morningstar

Oracle's stock is trading at a very extreme discount to this key technical indicator

Shares of Oracle are trading at a steep discount to their 200-day moving average as Wall Street doubts the company can hit its ambitious 2030 financial targets Oracle has guided for $225 billion in ...
MarketWatch

Oracle’s stock is trading at an extreme discount to this key technical indicator

Oracle’s stock has been on a prolonged slide since last fall as investors have questioned the company’s ambitious artificial-intelligence business strategy. Fears that Oracle ORCL is overspending on ...