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Cloud Infrastructure

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Oracle cuts 21,000 jobs to fund $50 billion AI infrastructure buildout

Oracle shed about 21,000 employees (~13%) as it redirected funds to a $50 billion AI-focused cloud buildout, cutting headcount to 141,000 and swelling its AI-driven backlog past $500 billion.
June 23, 2026
Oracle layoffs AI investment cloud infrastructure financial results workforce
Akamai's stock surges 27% on $1.8 billion AI cloud contract with Anthropic

Akamai's stock surged 27% on a $1.8 billion AI cloud contract with Anthropic, marking its best day in 22 years.
May 9, 2026
Akamai Anthropic AI Cloud CDN Cloud Infrastructure NVIDIA

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