Oracle (ORCL) is in turmoil after laying off thousands while recruiting foreign workers

Oracle (ORCL) is in turmoil after laying off thousands while recruiting foreign workers

By Vince Condarcuri
Publication Date: 2026-04-05 17:06:00

Thousands of Oracle ($ORCL) employees were laid off Tuesday as part of a restructuring plan. However, the New York Post reported that the tech company also…