Oracle's Restructuring Costs 2.8B
Oracle announced that its 2026 restructuring plan now costs $2.8 billion, mostly for final severance payments to laid-off employees. This comes as the company expands its AI data center initiatives, resulting in the layoffs of around 21,000 employees worldwide since last year. These measures are part of efforts to address liquidity pressures stemming from significant investments in AI technologies and to cut costs by improving efficiency, all while maintaining profit margins.
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