Would be interesting to see how Oracle's CDSs react to this news.

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...