Idk about this news specifically but oracle cds prices are moving. The below link says 30k layoffs may hit Oracle which I feel is a bit hyperbolic so this article may not be grounded in reality.

https://www.theregister.com/2026/01/29/oracle_td_cowen_note/

Edit: Another src https://www.cio.com/article/4125103/oracle-may-slash-up-to-3...