Oracle, layoffs
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Fresh workforce reductions at Oracle have reached India, with product engineering teams seeing the deepest impact as the company continues a broader global restructuring exercise.
Oracle Corp shares fell 3% on September 15, marking six consecutive days of losses. The company is implementing job cuts to manage costs amid a shift towards AI infrastructure.
Oracle starts a new round of layoffs as AI data center spending keeps climbing. Here's what the cuts mean for ORCL stock and employees in 2026.
Oracle has started a new round of layoffs amid AI investment debt concerns.
Cloud revenue soared 62% in the quarter to $11.6 billion, topping the $11.51 billion consensus among analysts polled by StreetAccount. Revenue from cloud infrastructure more than doubled to $7.4 billion, beating the $7.09 billion consensus estimate.
Oracle just posted record AI bookings and cloud growth that should have sent shares soaring, yet the stock sits near a 52-week low. Something is broken in how the market is pricing this company, and the gap between its earnings power and its share price tells a very different story.
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In Q1, Oracle reported record revenues of $19.34 billion, up 30% from the previous year and exceeding the Street's expectations by $215.9 million. Under this, total cloud revenues (now making up 60% of the company's overall revenues versus 48% a year ago) came in at $11.61 billion, up 62% year-over-year.
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Tech giant Oracle rocked by another wave of layoffs after employees receive devastating 6 a.m. email
Oracle employees woke up Monday to a brutal email informing them it would be their last day at the tech giant in its latest round of layoffs. The tech-giant sent out termination emails at 6 a.m., citing “broader organizational change” as the reason for the layoffs.
Sahu, who worked at Oracle for the pat 12 years, was among the many employees that found themselves unable to log in on Tuesday.