Oracle To Slash 30,000 Jobs Despite AI Boom And Surging Cloud Revenues Oracle is reportedly nearing the completion of a major workforce reduction program that could result in nearly 30,000 employees being laid off by mid-June 2026. The cuts, which would affect approximately 18 percent of the company’s global workforce, are part of a restructuring effort tied to its long-term strategy to prioritize growth in artificial intelligence and cloud computing. Despite strong financial performance and rising revenues in these sectors, the layoffs are occurring amid a shift in resource allocation to support future expansion. The restructuring comes as Oracle reports robust financial results, including a 22 percent year-over-year revenue increase to £12.7 billion ($17.2 billion) during the third quarter of fiscal 2026. Cloud services remain a key growth driver, with cloud revenue reaching £6.6 billion ($8.9 billion), reflecting 44 percent annual growth. AI-related operations also saw significant gains, with Oracle Cloud Infrastructure’s AI segment reporting 243 percent year-on-year growth. Multicloud database revenue surged by 531 percent, underscoring rising demand for the company’s cloud-based data services. The layoffs are reportedly linked to Oracle’s strategic focus on AI and cloud infrastructure, which the company is expanding through major investments. For fiscal 2026, Oracle has allocated nearly £36.9 billion ($50 billion) in capital expenditure, much of which is directed toward AI-focused data centers and cloud infrastructure projects. The company is also involved in Stargate, a large-scale AI infrastructure initiative backed by OpenAI and SoftBank, highlighting its commitment to building the computing capacity needed for advanced AI systems.#cloud_computing #oracle #openai #softbank #stargate
Oracle Layoffs in June 2026: Report Claims 30,000 More Job Cuts Coming Despite AI and Cloud Growth Oracle is reportedly set to complete nearly 30,000 job cuts by mid-June 2026, even as the company records strong cloud computing and artificial intelligence (AI) growth and invests heavily in infrastructure. The layoffs, which are part of a broader workforce restructuring exercise, could affect approximately 18 percent of Oracle’s global workforce. Employees impacted by the move are expected to reach their official separation dates between June 1 and June 15. The reported job cuts come amid strong financial results for the technology giant, including a 22 percent year-on-year revenue increase to $17.2 billion during the third quarter of fiscal 2026. Oracle’s cloud business continued to expand, with cloud revenue reaching $8.9 billion, a 44 percent rise compared to the same period last year. The company also reported rapid growth in AI-related services, as demand for computing infrastructure surged among enterprises developing and deploying AI applications. Specifically, Oracle Cloud Infrastructure’s AI segment grew 243 percent year-on-year, while multicloud database revenue increased by 531 percent. Oracle posted GAAP net income of $3.7 billion during the quarter, underscoring its financial resilience despite the workforce reduction. The layoffs are reportedly linked to Oracle’s strategic shift toward AI infrastructure and cloud expansion. The company has committed nearly $50 billion in capital expenditure for fiscal 2026, with a significant portion allocated to AI data centers and cloud infrastructure projects. Oracle is also involved in Stargate, a large-scale AI infrastructure initiative backed by OpenAI and SoftBank.#oracle #openai #softbank #oracle_cloud_infrastructure #stargate
Rui Hachimura Announces Second Black Samurai Summit in Japan This August Rui Hachimura, the Los Angeles Lakers forward, has confirmed the second annual BLACK SAMURAI SUMMIT 2026 will take place in Nagoya, Japan, from August 6 to 8, 2026. The event, hosted at the IG Arena, will feature basketball training sessions for 10,000 fans and a championship game involving 20 U18 athletes. Ticket sales for the public showcase game began on April 17 through AXS Japan, with premium box seating and dCard cardholder access available first. The summit builds on the success of its 2025 debut, aiming to cultivate elite athletes through a combination of physical training, mental conditioning, and exposure to high-pressure environments. Hachimura’s initiative is rooted in his belief that Japanese basketball players possess the physical talent to compete globally but lack the mental resilience required to succeed at the highest levels. Drawing from his experiences at Gonzaga University and in the NBA, he has designed the summit to instill five core mental principles: court ego, embracing pressure, professional independence, self-belief, and self-understanding. These frameworks are intended to challenge young athletes to think critically, adapt to adversity, and maintain confidence in their abilities. The summit’s structure emphasizes immersive training, with participants competing in front of large crowds to simulate the intensity of professional basketball. The event’s final day will feature an NCAA-style championship game, where selected U18 athletes will face off in a high-stakes competition. This format is designed to test players’ ability to perform under pressure, mirroring the challenges of elite competition.#rui_hachimura #softbank #ig_arena #black_samurai_summit #nagoya_japan
Microsoft Deepens Commitment to Japan with $10 Billion Investment in AI, Cybersecurity, and Workforce Microsoft today announced a $10 billion investment in Japan, spanning 2026 through 2029, focused on three core areas: Technology, Trust, and Talent. The initiative includes expanding in-country AI infrastructure, strengthening public-private cybersecurity partnerships, and training over one million engineers, developers, and workers across Japan’s key industries by 2030. The announcement was made during a visit to Tokyo by Microsoft Vice Chair and President Brad Smith, building on a previous $2.9 billion investment in Japan announced in April 2024. Prime Minister Sanae Takaichi emphasized that advanced technologies and economic security are national priorities, aligning Microsoft’s commitments with Japan’s strategic goals. Japan’s AI adoption has surged since 2024, with nearly 20% of working-age Japanese individuals using generative AI tools, surpassing the global average of 16.7%. Major companies in Japan have also accelerated AI integration, with 94% of Nikkei 225 firms adopting Microsoft 365 Copilot. Microsoft’s new investments aim to address specific national challenges, including the need for domestic AI infrastructure, cybersecurity collaboration with national institutions, and addressing a projected shortfall of 3.26 million AI and robotics workers by 2040. Prime Minister Takaichi highlighted the significance of Microsoft’s investment, noting that the $1.6 trillion yen contribution aligns with Japan’s fiscal policy of responsible and proactive economic growth. She praised the collaboration with Sakura Internet and SoftBank, which will provide GPU-based AI compute services through Azure while ensuring data residency in Japan.#microsoft #prime_minister_takaichi #brad_smith #sakura_internet #softbank
