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ORCL Faces Layoffs, $70B Capex and Rising Debt

ORCL Faces Layoffs, $70B Capex and Rising Debt

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…

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