MARKETSSTORY 590· JUNE 23, 2026

Oracle Cut 21,000 Jobs in a Year as AI Reshapes Its Workforce

Oracle eliminated 21,000 positions over the past year, making it one of the sharpest examples of AI-driven workforce reduction among major technology companies. The company tied the cuts directly to how it is adopting and deploying…

NDNewsDialy Desk2 MIN READ

SOURCE

cnbc.com

← PREVIOUS STORY 589Singapore Inflation Holds at 1.8% in May as Services Costs Ease NEXT STORY 591 →U.S. Senate Passes Housing Supply Bill With CBDC Ban in 85-5 Vote

Keep reading

More from the desk.

27MARKETS

Consensus positions took a hit in July, Goldman Sachs hedge fund desk says the volatility has passed

July rattled consensus market positions, the trades so widely held across funds that they function as the investing crowd's shared default bet. Goldman Sachs' head of hedge fund coverage told clients that the volatility responsible for…

markets2 MIN

77MARKETS

Nvidia debt-insurance costs hit a record as $750 billion AI financing talks spook bond markets

The cost of a credit-default swap, a debt-insurance contract, climbed to a record for Nvidia (NVDA) this week, following reports the company is in discussions over more than $750 billion in AI infrastructure

markets2 MIN

114MARKETS

Saudi Arabia intercepts Houthi missiles and strikes back in Yemen as Red Sea conflict escalates

Red Sea shipping, the cargo traffic moving through a critical maritime chokepoint linking Europe to Asia, came under attack from Yemen-based fighters. Saudi Arabia intercepted two ballistic

markets2 MIN

Tomorrow · 06:00

Start tomorrow already ahead.

Five stories, a two-minute read, zero noise — the world before your first coffee.

Get the 6AM brief Back to the desk