Oracle (ORCL) has begun a new round of global layoffs—a move that might normally spark concern rather than enthusiasm. Job cuts are often interpreted as a sign of weakening demand or internal strain.

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Oracle has a massive $553 billion backlog of contracts, and it is seeing rapid growth in cloud revenue. Strong margins and cross-selling across database and applications could still drive long-term ...

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The full extent of the global layoffs is unclear, but those affected include software engineers in Oracle's cloud computing business Samuel Boivin/NurPhoto via Getty Oracle announced major layoffs on ...