Oracle stock slips despite layoff reports: here's why
Shares of Oracle Corporation opened lower on April 1, 2026, even as investor sentiment remained supported by its expanding artificial intelligence (AI) strategy and planned cost-cutting measures. The stock was trading at $146.29, down 0.7%, in early market hours. The decline follows a strong prior session, where shares rose about 6%. Layoffs to support AI expansion Oracle is cutting thousands of jobs across its global workforce to fund its growing AI data centre ambitions, according to media reports. Following the reports, shares rose 2.6% in premarket trading, indicating initial investor approval of the move. Analysts at Barclays said the layoffs were largely expected and could improve cost efficiency as Oracle accelerates its AI infrastructure buildout. The bank maintains an overweight...
