Cutting thousands of jobs: CNBC reported Oracle is planning to cut thousands of positions, against a workforce of 162,000 as of May. Shares are down ~25% year-to-date; the layoffs indicate material operational retrenchment and could drive further stock volatility and downside pressure on fundamentals if demand remains weak.
Cutting thousands of jobs: CNBC reported Oracle is planning to cut thousands of positions, against a workforce of 162,000 as of May. Shares are down ~25% year-to-date; the layoffs indicate material operational retrenchment and could drive further stock volatility and downside pressure on fundamentals if demand remains weak.
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strongly negative
Sentiment Score
-0.65
Ticker Sentiment
