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This article adheres to strict editorial standards. Some or all links may be monetized. Days after Oracle fired up to 30,000 employees via a 6 a.m. email — as Moneywise previously reported — the ...

The cuts came as Oracle posted a 95% profit jump and filed 3,100 H-1B visa petitions.

Oracle’s stock has been on a prolonged slide since last fall as investors have questioned the company’s ambitious artificial-intelligence business strategy. Fears that Oracle ORCL is overspending on ...