New Delhi, Sept. 15 -- The losses in Oracle Corp persisted on Tuesday, September 15, with the stock falling another 3% to the day's low of $140.41 on the New York Stock Exchange. If it finishes the session lower, it will mark its sixth straight day of losses.

The shares have been under pressure since last week, even as the company's first-quarter earnings beat Wall Street estimates. The stock began the week with a 3.7% decline following co-founder Larry Ellison's decision to scrap a plan to sell $7.5 billion worth of shares.

Against this backdrop, Oracle has reportedly begun a fresh round of global layoffs as the company looks to reduce costs while shifting its focus more towards building artificial intelligence infrastructure.

Althoug...