Oracle cuts 200+ California jobs ahead of Q1 earnings release
Oracle has announced over 250 job cuts across Redwood City, Pleasanton, and Santa Clara, effective November 3, according to state filings. The move comes just days before its Q1 FY26 results on September 9, where analysts expect $1.48 EPS on $15 billion in revenue, up 13% year-over-year. Despite bearish sentiment on Stocktwits, Oracle shares are up 35% YTD and rose in premarket trading Friday.