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Stockreport

Big Tech Faces Another Large Round of Layoffs. This Time It's Oracle. [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The cuts come as Oracle and other tech giants have looked to offset the costs of building out infrastructure for AI technology. Another tech giant is cutting jobs as AI spending grows. This time it's Oracle ( ORCL ), which sent layoff emails to employees earlier today, according to Business Insider , with CNBC reporting the cuts could number "in the thousands." Oracle, which said in its latest annual report that it had about 162,000 full-time employees as of the end of last May, declined to comment on the size or reason for the layoffs. Shares of Oracle were up about 6% in recent trading, amid broader market gains after President Donald Trump suggested an end to the war in Iran could come soon. Why This Matters to Investors Oracle's job cuts mark the latest in a string of layoffs in the industry as Big Tech giants look for ways to support their spending on AI. Some may also be anticipating they could need fewer workers thanks to developments in the technology. Oracle's [Read more]
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Stockreport

Big Tech Faces Another Large Round of Layoffs. This Time It's Oracle. [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The cuts come as Oracle and other tech giants have looked to offset the costs of building out infrastructure for AI technology. Another tech giant is cutting jobs as AI spending grows. This time it's Oracle ( ORCL ), which sent layoff emails to employees earlier today, according to Business Insider , with CNBC reporting the cuts could number "in the thousands." Oracle, which said in its latest annual report that it had about 162,000 full-time employees as of the end of last May, declined to comment on the size or reason for the layoffs. Shares of Oracle were up about 6% in recent trading, amid broader market gains after President Donald Trump suggested an end to the war in Iran could come soon. Why This Matters to Investors Oracle's job cuts mark the latest in a string of layoffs in the industry as Big Tech giants look for ways to support their spending on AI. Some may also be anticipating they could need fewer workers thanks to developments in the technology. Oracle's [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS