TradingKey – Oracle shares (NYSE: ORCL) have now climbed back to around Wednesday’s opening level as the stock attempts to recover after Tuesday’s 3.7% drop to $145.48. The rebound comes only weeks after Oracle hit a fresh 52-week low following a roughly 57% decline over the past 10 months. Most of the recent shift is linked to the possibility of more job cuts. Wall Street seemed to be interpreting the cuts as a way to manage expenses, not a clear indication of loan problems.
New Layoffs Are Coming Ahead of Q2
A Business Insider report based on an internal document indicates that Oracle is preparing for a new wave of job cuts. Managers are being asked to identify staff who might be impacted before the start of the fiscal second…






