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Stockreport

Oracle axes over 700 workers — the first wave in a bloodbath that could engulf 30K [Yahoo! Finance]

QUALCOMM Incorporated (QCOM)  More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The software giant headed by billionaire Larry Ellison will cut 310 workers in Redwood City, 184 in Santa Clara, 158 in Pleasanton and 50 in Santa Monica. The statewide tally of roughly 700 job cuts, in addition to 491 firings in Seattle, is part of the software maker's recently announced bloodbath that is reportedly in the thousands of jobs. Executive Chairman and co-founder Larry Ellison's Oracle could potentially axe 30,000 workers, according to analysts. Bloomberg via Getty Images Analysts at investment bank TD Cowen predicted earlier this year that Oracle could cut up to 30,000 workers and sell some of its assets amid a push to finance AI infrastructure projects. The company had 162,000 global employees as of May 2025. Oracle's cuts are part of a broader tech layoff frenzy. The first three months of 2026 saw tech companies dump 52,050 workers — a 40% jump from the same period last year, executive coaching firm Challenger, Gray & Christmas said in a report , with arti [Read more]
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Stockreport

Oracle axes over 700 workers — the first wave in a bloodbath that could engulf 30K [Yahoo! Finance]

QUALCOMM Incorporated  (QCOM) 
More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The software giant headed by billionaire Larry Ellison will cut 310 workers in Redwood City, 184 in Santa Clara, 158 in Pleasanton and 50 in Santa Monica. The statewide tally of roughly 700 job cuts, in addition to 491 firings in Seattle, is part of the software maker's recently announced bloodbath that is reportedly in the thousands of jobs. Executive Chairman and co-founder Larry Ellison's Oracle could potentially axe 30,000 workers, according to analysts. Bloomberg via Getty Images Analysts at investment bank TD Cowen predicted earlier this year that Oracle could cut up to 30,000 workers and sell some of its assets amid a push to finance AI infrastructure projects. The company had 162,000 global employees as of May 2025. Oracle's cuts are part of a broader tech layoff frenzy. The first three months of 2026 saw tech companies dump 52,050 workers — a 40% jump from the same period last year, executive coaching firm Challenger, Gray & Christmas said in a report , with arti [Read more]
IMPACT SNAPSHOT
EVENT TIME:
QCOM
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