StockNow
CalendarLog in
U.S. Markets

Oracle (ORCL) reportedly starts a new round of layoffs, according to Business Insider

StockNow breaking-news AI analysis

Oracle began new layoffs reaching double digits in some teams, following an increase in its 2026 restructuring budget to $2.8 billion driven by heavy AI data center capital expenditures.

News detail

The layoffs had been expected to begin on Monday, according to a source with knowledge of the matter. The planned cuts reached double-digit percentages on some teams, according to an internal document.

1 stocks
ORCLOracle Corp$143.18Current price

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more
Commodities

A crucial Saudi oil pipeline hit in strikes will be mostly out of service for several weeks for repairs, reports AP citing officials

U.S. Markets

US President Trump says "The only control or “guardrails” that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that,"

Geopolitics

Oman's Energy Minister says that the Strait of Hormuz is to reopen soon; adds that the the current situation is short-term and that oil prices are not sustainable