Tag: Job Cuts

Oracle has reduced its workforce by about 21,000 employees, or 13%, in fiscal 2026 as the cloud giant continued restructuring its business amid growing AI adoption across operations. According to the company’s annual report, its headcount fell to 141,000 as of May 31, 2026, from 162,000 a year earlier, while severance and exit-related costs surged to $1.84 billion. The reduction underscores how AI is increasingly...

A major breach affecting Fortinet firewalls has exposed a deep and persistent weakness in enterprise security, with researchers reporting near-unrestricted access to sensitive corporate networks across some of the world’s largest companies. The incident has reportedly affected organisations including Oracle, Lenovo, Accenture, Chevron, FedEx, Samsung, Siemens and PwC, raising fresh concerns about credential hygiene and perimeter defence. According to security researchers cited in reporting on...