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Oracle (ORCL) Stock Down 26% As Company Plans New Layoffs to Fund AI Buildout
By Trader Edge at 2026-10-03 15:35
Sentiment: Unknown
TLDR Oracle is planning a new round of layoffs this month, with cuts potentially reaching double-digit percentages on some teams. The company wants to reduce payroll before September 1, the start of its second fiscal quarter. Oracle’s workforce already shrank by 21,000 employees (13%) in fiscal year ending May 31, 2026. Capital expenditure hit $55.7 [...] The post Oracle (ORCL) Stock Down 26% As Company Plans New Layoffs to Fund AI Buildout appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central