Oracle Raises 2026 Restructuring Budget by $700M for Severance
Oracle raised the projected 2026 Restructuring Plan budget to about $2.8 billion, driven mainly by severance costs. The company says it has already absorbed roughly $2.1 billion from workforce reductions, and added $700 million for further cuts. The move reflects cash-flow pressure from building large AI data centers for major clients, including OpenAI.