Brief by Shorts91 Newsdesk / 04:33am on 05 Feb 2026,Thursday International
Oracle has publicly responded to market concerns linking its strategic deal with OpenAI to rumours it might lay off up to 30,000 employees. The company denied that the stalled $100 billion Nvidia-OpenAI investment affects its financial commitment or operations, affirming confidence in OpenAI’s funding and execution capabilities. Despite this, Oracle’s stock slid, and analysts from TD Cowen pointed to the potential mass layoffs as a risk tied to funding its AI and data-centre buildout strategy. The controversy has also sparked questions about the viability of the complex financing model at play. (PC: X)
