ORCL.BA is trading at $85850.00 (-3.94%) after Oracle disclosed it cut approximately 21,000 jobs in fiscal 2026 as part of a strategic shift toward AI adoption.
- The workforce reduction represents a 13% cut to the company's total staff, resulting in $1.84 billion in restructuring costs.
- The stock is also being pressured by a broader technology sector selloff as investors rethink AI-related spending and high valuations.