The US Department of Defense said it will terminate a plan to use Oracle Corp. software to manage its civilian workforce as part of the Pentagon’s cost-cutting efforts.

Palantir Technologies tumbled over 7% in premarket on Monday after the Pentagon canceled a $280 million project involving Oracle and Leidos.

In 2020, Leidos (LDOS) said it would provide services ... Disclaimer & Disclosure Report an Issue Oracle NewsMORE Related Stocks Indices Commodities Currencies Stocks ...

Investors reacted to the news by adjusting their positions in Oracle, Leidos, and Palantir, leading to the observed stock price movements. The termination of the Oracle project by the Pentagon is ...

The U.S. Department of Defense plans to cancel a multi-year contract with Leidos Holdings (NYSE:LDOS) and Oracle (NYSE:ORCL) in a cost-saving measure, according to a report by Bloomberg.

Avaya, 8x8, Salesforce, Oracle, Leidos and Simeio were among the tech companies to make executive hires during June 2023. A chief product officer at Avaya. 8x8’s new chief revenue officer at 8x8.