đš 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.
đč Managers have reportedly been asked to submit affected employees, with reductions targeted for completion before September 1.
đč Oracle already cut 21,000 jobs, or 13% of its workforce, in the fiscal year ended May 2026.
đč The company recorded $1.84B in severance and exit costs, sharply higher than the previous year.
đč Oracleâs AI ambitions are accelerating, backed by major data-center deals with OpenAI and Meta.
đč Remaining performance obligations surged 363% to a record $638B, highlighting massive future demand.
đč To fund its AI infrastructure push, Oracle plans to raise $40B through debt and equity this fiscal year.
đč Total liabilities jumped 48% to $218.7B, raising concerns about leverage and customer concentration.
đ 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.
đ 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.
đč Managers have reportedly been asked to submit affected employees, with reductions targeted for completion before September 1.
đč Oracle already cut 21,000 jobs, or 13% of its workforce, in the fiscal year ended May 2026.
đč The company recorded $1.84B in severance and exit costs, sharply higher than the previous year.
đč Oracleâs AI ambitions are accelerating, backed by major data-center deals with OpenAI and Meta.
đč Remaining performance obligations surged 363% to a record $638B, highlighting massive future demand.
đč To fund its AI infrastructure push, Oracle plans to raise $40B through debt and equity this fiscal year.
đč Total liabilities jumped 48% to $218.7B, raising concerns about leverage and customer concentration.
đ 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.
đ 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