March 06, 2026 13:18 (London Time)

Oracle

Open: 152.59 Close: 154.79 Change: 2.2

Today's Summary

oracle plans to lay off thousands of employees due to ai data center buildout expenses. the layoffs will impact divisions across Oracle and may be implemented as soon as this month, the report said.Oracles stock is down more than 54% since mid-September. the initial euphoria over the deal quickly faded.analysts projected that Oracles cloud division will burn through more cash than it generates for the next several years, before the investment starts paying off around 2030. the same technology Oracle is spending billions to build is also being used to justify cutting people who helped build it.

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