BEAMSTART Logo

HomeNews

Oracle is reportedly among a wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’

Fortune LogoFortune3d ago

Oracle is reportedly among a wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’ - Fortune

Quick Summary:

The Department of Defense announced $580 million in funding, grant, and contract cuts last week.

Musk’s own companies have benefitted from these contracts, receiving at least $20 billion from the federal government.

Defense Secretary Pete Hegseth announced last week the department would cut $580 million in funding, grants, and contracts—hitting companies that do business with the Pentagon.


More Pictures

Oracle is reportedly among a wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’ - Fortune (Picture 1)

or

Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 17:39:09 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 145 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27386951

View Article Analysis

About Fortune

Fortune Logo

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 26 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Oracle is reportedly among a wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’" has 579 words across 4 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Oracle is reportedly among a wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’" was covered 3 days ago by Fortune, a news publisher based in United States.

How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news.

The outlet is headquartered in United States and publishes an average of 26 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27386951
  • URL: https://chronographically.beamstart.com/news/oracle-is-reportedly-among-a-17431839068023

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.