A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Spirit Airlines is planning to furlough about 1,800 flight attendants, roughly a third of its cabin crew members, to cut costs as the budget airline struggles in its second bankruptcy in less than a year."As we work to return Spirit to profitability, we face difficult decisions about our network, our fleet, and ultimately our workforce," John Bendorait ...

Will eliminate 221 positions across its Milpitas and San Francisco offices, including 157 in Santa Clara County and 64 in San Francisco, effective October 13, according to filings with California’s Employment Development Department reported by the San Francisco Chronicle. The cuts are part of the company’s broader workforce-reduction strategy.Is trimming another 262 jobs at its San Francisco headquarters , according to a state filing, with layoffs set to take effect November 3. The move comes just weeks aft ...

Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs on Monday, replacing Safra Catz, who was at the helm of the cloud services provider for 11 years. ...

Enterprise software maker Oracle on Monday named insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz, who was named vice chair of the board after 11 years at the helm. ...

(Reuters) -Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs on Monday, replacing Safra Catz, who was at the helm of the cloud services provider for 11 years. Catz will remain with the company as vice chair of the board. Here are five things to know about Oracle's new chiefs Magouyrk and Sicilia: Clay Magouyrk * Magouyrk, 39, holds a Bachelor of Science degree inelectrical engineering from the University of Memphis. His earlyprofessional experience includes engineering roles at HiltonHote ...

BREAKING: Futures Fall With Market At Highs; Tesla Climbs Oracle (ORCL) has named a pair of co-chief executives to replace former chief executive Safra Catz, who is becoming executive vice chair of Oracle's board. The software giant said early Monday that Clay Magouyrk and Mike Sicilia are now its co-CEOS. Magouyrk was previusly president of Oracle's cloud infrastructure business while Sicilia was Oracle Industries President. Oracle stock was down 1% at 305.13 in recent premarket trading on the stock market ...

Julian Sullivan / Getty Images Oracle shares have risen this year as the software provider benefited from the AI boom. KEY TAKEAWAYS Oracle Monday named two new co-CEOs, including the former head of its cloud infrastructure business, to take over from Safra Catz as the software firm boosts its bets on AI. Oracle said Monday that Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Mike Sicilia, president of Oracle Industries, will be co-CEOs. Oracle shares have surged this year as ...

Tyler Crowe: The mortgage market gets a much-needed jolt, and Oracle has its best day since the dot-com boom. Motley Fool Money starts now. Welcome to Motley Fool Money. I'm Tyler Crowe, joined by longtime Fools Matt Frankel and Jon Quast. Today, we're going to follow up on Oracle's blockbuster quarter that it reported after the close on Tuesday, how that impacts AI and a major milestone for ETFs that we just passed, and, of course, we're going to do some radar stocks, maybe a little couple extras, but firs ...

Welcome back. Oracle announces uh leadership changes this morning. Clay McGor and Mike Cecilia as CEOs.Current CEO Safrey Catatz will become the executive vice chair of the board of directors. Jeffrey's research analyst Brent Phil joins us. Got a buy rating on Oracle price target 360.All right. What do you make of it, Brent. >> Well, timing is surprising.Uh David, I I think obviously Saffron and and Larry have had a good run together. Sapper's delivered incredible value for the last decade as CEO. Um, so I ...

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