• Oracle Corp. disclosed in its annual filing that it reduced its workforce by 21,000 employees (13%) in the past fiscal year, citing AI adoption and restructuring, incurring $1.8 billion in costs.
  • The stock is trading at $89375.00 (0%) today, stabilizing after a 5.2% drop on June 22, 2026, which was partly attributed to these job cuts and a wider tech-sector selloff.
  • Broader market sentiment remains pressured by a global tech selloff and macroeconomic headwinds, with major U.S. indices, particularly the Nasdaq, experiencing significant declines.