A direct quote, as stated by MH on CNBC (link below):
“I think that’s fake news. I’ve seen a couple of reports over the past two weeks, including that we were going to make a big acquisition. There is no merit to that whatsoever. I saw a report that we were cutting our sales force, there is not merit to that whatsoever.”
Anyhow, he's finally listening to us, and all what it took was a random post on layoffs dot com
Source: http://www.cnbc.com/2017/05/04/oracle-ceo-mark-hurd-interview-att-deal-no-layoffs.html