Oracle stock jumps higher as company reportedly plans thousands of layoffs
By George Avalos
Published on April 1, 2026.
Oracle shares rose by 6% after news spread that the company had begun sending out emails informing its employees of their jobs being eliminated. This is expected to be a significant increase in layoffs. The company did not comment on the number of job cuts or the size of the layoffs. Over the three years ending in 2025, employers eliminated a net total of 137,200 tech jobs in the Bay Area, according to seasonally adjusted estimates.
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