Business
Oracle reportedly considers massive layoffs as AI spending strains cash flow
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Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data centers.
The tech powerhouse may slash 20,000 to 30,000 positions, possibly cutting 12–18% of its global workforce of roughly 162,000 employees, tech magazine CIO reported.
The layoffs could be implemented as early as March 2026, Bloomberg reported.
The move is driven by a cash crunch from massive spending on data centers, which Wall Street expects will keep Oracle’s cash flow negative for years, forcing the company to seek alternative ways to preserve liquidity, Bloomberg said.
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Signage is displayed on a building at the Oracle Corp. headquarters campus in Redwood City, California, U.S., on March 14, 2016. (Michael Short/Bloomberg via Getty Images / Getty Images)
Additionally, several U.S. banks have scaled back financing for Oracle’s massive AI data center expansion, according to investment bank TD Cowen, cited by CIO.com. Lenders have reportedly voiced growing concerns over the company’s ability to repay debt given the enormous capital required to build infrastructure for high-profile AI clients such as OpenAI.
“Both equity and debt investors have raised questions regarding Oracle’s ability to finance this buildout,” the report said.
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Rows of high-tech server racks line a corridor inside a growing data center facility. (iStock / iStock)
The job cuts will span divisions across the company, focusing on roles Oracle expects to need less of due to AI, Bloomberg reported.
The move is also expected to free up $8 billion to $10 billion, TD Cowen said in a research report cited by CIO.
Led by Chairman Larry Ellison, Oracle is making a high-stakes, all-in bet on becoming a top-tier AI cloud provider to rival AWS, Microsoft and Salesforce.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ORCL | ORACLE CORP. | 152.93 | -1.86 | -1.20% |
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The upcoming layoffs at Oracle are expected to be much larger and more extensive than the company’s usual smaller routine job cuts.

Oracle co-founder, CTO and Executive Chairman Larry Ellison listens as U.S. President Donald Trump speaks to reporters on February 3, 2025 in Washington, DC. (Anna Moneymaker/Getty Images / Getty Images)
Oracle reportedly told internal teams it would reassess many open positions in its cloud division while evaluating which roles are still necessary. However, planning for the workforce reductions is still ongoing and could change, Bloomberg reported.
FOX Business reached out to Oracle for more information.
Business
Kalani Artis, Harlan Goode Lead as Australian Idol 2026 Top 6 Favorites Amid Peak Viewership
SYDNEY — As Australian Idol 2026 enters its intense final stages on the Seven Network, 23-year-old Kalani Artis from the Central Coast and 18-year-old Harlan Goode from Queensland have emerged as standout favorites among viewers and judges, fueling nationwide buzz for the singing competition’s 11th season.
The show, which premiered Feb. 2, 2026, has delivered its highest viewership of the year during “Aussie Music Week” episodes, drawing up to 1.79 million national reach and nearly 1 million average audiences per episode — a significant boost from previous weeks and strong growth on the 7plus streaming platform. Judges Marcia Hines, Amy Shark and Kyle Sandilands have guided a talented field through auditions, golden tickets and live performance shows, with the Top 6 now battling for the crown, a $100,000 prize package, recording opportunities and industry support.

Australian Idol has long launched major careers, from Guy Sebastian and Jessica Mauboy in the early days to more recent winners like Dylan Wright in 2024 and Marshall Hamburger in 2025, who continue touring and releasing music. The 2026 season emphasizes artist development, with contestants participating in songwriting camps, studio sessions and marketing workshops alongside their performances.
Here are the most popular and talked-about Australian Idol stars of 2026 so far, based on viewer votes, social media engagement, performance buzz and media coverage as the competition narrows:
Kalani Artis leads the pack with his soulful, emotive delivery and consistent standout moments. The 23-year-old from New South Wales earned early praise for his audition rendition of Natalie Imbruglia’s “Torn,” which left judges silent in admiration. His haunting cover of Crowded House’s “Don’t Dream It’s Over” during Aussie Week garnered massive online views and comments calling him a potential winner with a unique blend of Harry Styles and Calum Scott vibes. Fans highlight his vocal control, emotional depth and stage presence, with many predicting he will take the title. Kalani’s performances often trend on YouTube and social platforms, reflecting strong public support.
Harlan Goode, the youngest in the Top 6 at 18, has impressed with powerhouse ballads and raw talent while balancing Year 12 exams. From Redland, Queensland, Harlan brings youthful energy and a big voice that resonates in live shows. Viewers praise his authenticity and growth, with comments noting his ability to command the stage despite his age. His progression through the Top 12 and into the finals has built a dedicated fan base, positioning him as a serious contender for the finale.
Kesha Odeya (also referred to as Kesha Oayda), 21, from Jindabyne in New South Wales, brings a fresh glam transformation and versatile vocals. Hailing from ski country, she has “crushed” performances like Hozier’s “Take Me to Church” and earned standing ovations. Her journey from limited stage experience to confident live-show deliveries has inspired many, making her a popular figure for her relatability and vocal power. Kesha remains in the Top 6, with supporters appreciating her evolution and stage charisma.
Jacinta Guirguis, 25, a former forklift driver from Bacchus Marsh, Victoria, has undergone one of the most visible transformations. Starting with a hoodie-and-work-boot persona, she has blossomed into a confident performer with unique vocal flair. Her renditions have overcome self-doubt, earning judge praise and audience cheers. Jacinta’s story of perseverance resonates widely, boosting her popularity among viewers who connect with her underdog narrative and growth.
Charlie Moon, 31, from Perth, Western Australia, captured hearts early with soulful singing and a signature colorful beanie and specs. His emotional audition dedicated to his late mother created instant buzz. Though eliminated in later stages around the Top 8, Charlie’s performances of classics like Stevie Wonder tracks left lasting impressions. Post-elimination, he has used his platform to raise cancer awareness, maintaining fan affection and media mentions.
Trè Samuels (often styled as Tre) has been highlighted in fan discussions and performance rankings for strong showings in the Top 12 and beyond. Her powerful voice and stage energy kept her competitive into advanced rounds, with some analyses ranking her highly in winner predictions before eliminations narrowed the field. Trè’s contributions during group and solo spots added diversity and strength to the season.
Other notable 2026 contestants who generated significant popularity include Simela Petridis, a high school teacher and mother whose emotional audition of a Dawson’s Creek theme song moved judge Jessica Mauboy to tears. Simela advanced to the Top 10 but was later eliminated, yet her warmth and vocal beauty earned widespread admiration.
Wanwue Tarpeh, 21, from Melbourne, brought jazz and soul flair with a big personality, advancing far in the competition before elimination. Her swagger and kind demeanor made her memorable. Harry Lamb, 26, a barber from Ballarat, Victoria, was noted as a heartthrob with unique vocals, while John Standley, the young 16-17-year-old from Bunbury, WA, wowed with jukebox classics and standing ovations.
The season’s Top 12 also featured talents like Lily-Grace Grant and others who shone in early rounds but faced tough competition. Fan favorites often cited for strong performances included those delivering Aussie icons tributes during themed weeks.
Beyond the current season, all-time Australian Idol stars continue influencing 2026 conversations. Guy Sebastian remains a benchmark of success with his enduring career. Jessica Mauboy, a judge and past contestant, exemplifies long-term impact. Recent winners like Marshall Hamburger (2025) and Dylan Wright (2024) stay active with new music, tours and ARIA recognition, showing the show’s ongoing ability to develop sustainable artists.
The 2026 season has emphasized local music and artist growth, with episodes featuring Australian songs drawing record audiences. Executive producers highlight workshops with Sony Music Publishing and other partners as key to preparing contestants for the industry, addressing past criticisms that some Idols faded quickly.
Social media and fan groups buzz with debates over Top 6 predictions, performance rankings and elimination shocks. YouTube clips of standout moments, especially Kalani’s covers, rack up views quickly. The show’s format — blending raw talent, emotional stories and professional polish — keeps viewers invested week after week.
Challenges include balancing viewer votes with judge input and managing the high-pressure live environment. Yet the 2026 cohort is praised for its overall strength, with comments noting it is harder than ever to pick a single winner.
As the finale approaches, anticipation builds for who will join the ranks of successful Idol alumni. The winner gains not only cash and recording support but also exposure that can launch tours, singles and industry connections.
Australian Idol’s revival on Seven has refreshed the franchise with modern production, diverse contestants and focus on post-show careers. The 2026 season’s high viewership signals continued public appetite for talent discovery and feel-good entertainment.
Whether Kalani Artis claims the crown with his emotive style, Harlan Goode surges with youthful power or another Top 6 member surprises, the season has already produced memorable stars. Their journeys — from auditions to live shows — inspire aspiring musicians across Australia and remind viewers of music’s power to connect and elevate.
Fans can follow remaining episodes on Seven and 7plus, with results shows determining the ultimate Australian Idol 2026. In a year of strong performances and record audiences, the competition underscores the depth of homegrown talent ready for the spotlight.
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I am an international analyst with a Buffett and Munger inspired approach to investing. My emphasis is on identifying high quality, shareholder-oriented companies which have been unfairly discounted by the market due to short term factors or irrational investor psychology. At the moment, I am particularly interested in legacy businesses considered to be in secular decline in sectors such as remittances, ATMs and tobacco, where cash generative, high yield stocks (often with under-appreciated revenue and earnings growth) are very often unfairly ignored. While emphasizing U.S. stocks, I also cover attractive opportunities within my own country (the UK) and globally.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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