🚨 STOCKS | Oracle Reportedly Plans Another Round of Layoffs as AI Debt Rises
Oracle is reportedly preparing another round of layoffs this month, with some teams potentially facing double-digit staff cuts as the company works to control costs amid aggressive AI expansion.
🔹 Managers have reportedly been asked to submit affected employees, with reductions targeted for completion before September 1.
🔹 Oracle already cut 21,000 jobs, or 13% of its workforce, in the fiscal year ended May 2026.
🔹 The company recorded $1.84B in severance and exit costs, sharply higher than the previous year.
🔹 Oracle’s AI ambitions are accelerating, backed by major data-center deals with OpenAI and Meta.
🔹 Remaining performance obligations surged 363% to a record $638B, highlighting massive future demand.
🔹 To fund its AI infrastructure push, Oracle plans to raise $40B through debt and equity this fiscal year.
🔹 Total liabilities jumped 48% to $218.7B, raising concerns about leverage and customer concentration.
📈 Oracle shares gained 1.2% in after-hours trading following the layoff report, while the stock has shown signs of stabilizing after hitting a 52-week low in July.
📊 Despite growing financial risks, analyst sentiment remains largely bullish, with 36 of 44 analysts rating the stock Buy or higher and an average target of $246.67.
#Oracle #ORCL #Stocks #AI #Layoffs #StockMarket #CloudComputing
Oracle is reportedly preparing another round of layoffs this month, with some teams potentially facing double-digit staff cuts as the company works to control costs amid aggressive AI expansion.
🔹 Managers have reportedly been asked to submit affected employees, with reductions targeted for completion before September 1.
🔹 Oracle already cut 21,000 jobs, or 13% of its workforce, in the fiscal year ended May 2026.
🔹 The company recorded $1.84B in severance and exit costs, sharply higher than the previous year.
🔹 Oracle’s AI ambitions are accelerating, backed by major data-center deals with OpenAI and Meta.
🔹 Remaining performance obligations surged 363% to a record $638B, highlighting massive future demand.
🔹 To fund its AI infrastructure push, Oracle plans to raise $40B through debt and equity this fiscal year.
🔹 Total liabilities jumped 48% to $218.7B, raising concerns about leverage and customer concentration.
📈 Oracle shares gained 1.2% in after-hours trading following the layoff report, while the stock has shown signs of stabilizing after hitting a 52-week low in July.
📊 Despite growing financial risks, analyst sentiment remains largely bullish, with 36 of 44 analysts rating the stock Buy or higher and an average target of $246.67.
#Oracle #ORCL #Stocks #AI #Layoffs #StockMarket #CloudComputing