Kevin Beaumont2d ago

Oracle have laid off 30k employees today. They did it to personal email accounts at 6am 🫡 saying they needed the money to spend on GenAI instead. https://thenextweb.com/news/oracle-layoffs-march-2026

Oracle’s share price since they went GenAI nuts:

Show threaddamageboy

@GossiTheDog That's a very oddly cut-off $ORCL price chart. You make it sound like they did nothing in GenAI before September 2025, where in reality the stock price simply peaked there and that's it.

The stock is quite literally in the same place it was 1y before

Apr 1 at 9:28amWeb
Show threadKevin Beaumont1d ago
@damageboy it's not oddly cut off, it's just set to 6 months.
Show threaddamageboy1d ago
@GossiTheDog Well given the deal was announced in July 25 and judging by the insider trading and how these deals usually go, was probably worked on for at least 2-3 months, it would make more sense to look at 12m for the chart to match the text.