The quote below was forwarded from a director in La Jolla CA.
Quote: "I need to be in the Bay Area Thursday and Friday - we are having a massive layoff and I may be part of it unfortunately. There may be further reorg meetings next week as well, I can't say for certain right now"
Is there really a "massive layoff" coming in La Jolla CA? oracle stock price is stable so its hard to believe a "massive" layoff is coming next week.