"This all comes after reaching an all-time high stock price so it doesn't make much sense from my lens," our source said, adding that it appears Oracle plans another round of cuts in October. Oracle in June reported $57.

The second suspect involved in high-profile burglaries across the greater Seattle area has been identified as 29-year-old Patrick Maisonet. Two brothers have been arrested for selling drugs out of a custom auto body garage in Seattle's Chinatown-International District on Wednesday.

Austin-based software giant Oracle is laying off 101 employees in Seattle, less than a month after another round of cuts there.