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Oracle has set aside $700M more for job cuts it has not made yet
Oracle raised its restructuring cost to $2.8bn for cuts it has not made yet. Two thirds of its staff are outside the US, where the clock is statutory.
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channelnewsasia.com
Oracle to spend $700 million more on restructuring costs as it ramps up AI spending
Sept 11 : Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions…
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cryptobriefing.com
Oracle increases job cuts amid cash crunch from AI data centers
Oracle raised its restructuring costs to $2.8B and cut 21,000 jobs as AI data center capex surged 162% to $55.7B, pushing free cash flow deeply
