By Sawdah Bhaimiya
Publication Date: 2026-04-01 12:23:00
Signage from Oracle Corp. on the floor of the New York Stock Exchange (NYSE) in New York, USA, on Wednesday, December 31, 2025.
Michael Nagle | Bloomberg | Getty Images
oracle The stock traded slightly lower on Wednesday, as the multinational technology group had expected Cut thousands of jobs to free up money to build artificial intelligence data center infrastructure.
The software giant has begun telling its 162,000 employees that thousands of people will be affected by a new round of layoffs, two people familiar with the matter told CNBC on Tuesday.
Oracle declined to comment.
Investors remain concerned about the company’s high capital expenditures Data centers that can handle AI workloads. While shares closed Tuesday up nearly 6%, Oracle shares are down about 25% so far this year.
The company announced plans to do so in early February Raise up to $50 billion in donations in the calendar year 2025 through a mixture…
