The Next Web
Oracle has set aside $700M more for job cuts it has not made yet
Oracle has raised the cost of its 2026 restructuring by $700M to about $2.8B, covering actions it says it expects to take, and disclosed a plan letting Larry Ellison sell 50 million shares by 24 October. Roughly 92,000 of its 141,000 staff…
View original source — The Next Web ↗
Related stories
Bloomberg
BusinessSep 11, 2026 · 1 min
Oracle Boosts Layoffs Plan by $700 Million
Bloomberg
The Next Web
TechnologySep 11, 2026 · 1 min
Oracle is spending more on building data centres than it earns in a quarter
The Next Web
Financial Times
BusinessSep 11, 2026 · 1 min
Larry Ellison to sell up to $7.5bn worth of Oracle stock
Financial Times
MarketWatch
BusinessSep 2, 2026 · 1 min
How Oracle’s ‘extremely controversial’ stock could more than double from here
MarketWatch