Oracle has signed a 10-year Pentagon contract worth up to $7 billion to provide on-premises software, licenses, maintenance, and consulting for branches of the military. CNBC reports: The contract covers the use of Oracle software in on-premises data centers for branches of the military, the U.S. intelligence community and the Coast Guard, according to a statement. The Central Intelligence Agency was Oracle's first customer. A five-year base period for the contract includes perpetual and subscription-based software licenses, maintenance and consulting, according to one description. Kirsten Davies, the Department of Defense's chief information officer, said in the release that the agency is saving at least $441 million for taxpayers "by fundamentally improving how we procure on-premises Oracle capabilities."

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Oracle cut roughly 21,000 jobs over the past year as it reorganized around AI and ramps up spending on data centers for customers such as OpenAI and Meta. The restructuring cost the company about $1.8 billion and, while Oracle says AI deployment may drive further reductions, it also warns the cuts could create skills shortages and hurt productivity. The BBC reports: The software and cloud computing firm says it had around 141,000 full-time employees as of May 31, 2026, down from about 162,000 workers at the same time last year. The "deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," the report says. The cuts, which amount to about 13% of Oracle's workforce, are part of a wider trend among tech firms as they spend hundreds of billions of dollars on building AI infrastructure like data centers.

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ShinyHunters claims it exploited a critical Oracle PeopleSoft zero-day to compromise more than 100 organizations, including the University of Nottingham, where it says it stole 40GB of student and billing data. "ShinyHunters posted the UK university on its data leak site on Tuesday before publishing the stolen files later that same day, presumably because the school refused to pay the extortion demand," reports The Register. From the report: "University of Nottingham on our leak site is one of the first publicly confirmed incidents," a ShinyHunters spokesperson told us. "We have only just started outreach to affected orgs and are actively looking to reach an agreement with affected orgs." They didn't say when they planned to post the other 100 or so claimed victims. A Google threat intelligence report published Thursday afternoon corroborated ShinyHunters' claims to have compromised more than 100 organizations. Google said it spotted malicious activity, "consistent with the exploitation of CVE-2026-35273," between May 27 and June 9, and notified more than 100 global orgs "whose IP addresses correlated with potentially vulnerable endpoints." Most of these, we're told, are based in the US and 68 percent are in the higher-education sector. Oracle has released a "patch availability document," but it's unclear whether a patch is currently available.

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