TradingKey — On September 14 ET, Oracle (ORCL) shares dropped further to near $141, hitting a nearly two-week low.

Oracle has reportedly initiated a new round of layoffs, with the reduction rate in some teams potentially reaching double digits. The layoffs had been brewing internally, with the primary objective of lowering payroll costs to support the company’s expanding investments in AI infrastructure. Prior to this round of job cuts, the company’s workforce stood at approximately 141,000.

Among them, posts have begun appearing on social media platforms such as Reddit from users claiming to be affected by the latest round of layoffs. Last Friday, Oracle disclosed that it expanded its ongoing corporate restructuring plan, adding $700…