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Oracle Layoffs 2026: Thousands Cut as AI Spending Fuels 2.5% Stock Surge!
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Oracle blindsided thousands with sweeping oracle layoffs Tuesday, blaming “current business needs” in a leaked memo as AI data center frenzy demands ruthless cost-cutting—yet shares jumped 2.5% despite 27% YTD slump, echoing Big Tech’s pivot where job axe frees billions for OpenAI partnerships and cloud dominance. Naturally, employees are worried, and even some investors aren’t sure…