Oracle layoffs: More job cuts expected as company faces rising AI data centre costs
Oracle is increasing the estimated cost of its 2026 restructuring plan to $2.8 billion as it cuts jobs while spending heavily on AI data centres. The company has already booked $2.1 billion in restructuring costs, with another $700 million expected as further workforce reductions are planned.
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Oracle is increasing the estimated cost of its 2026 restructuring plan to $2.8 billion as it cuts jobs while spending heavily on AI data centres. The company has already booked $2.1 billion in restructuring costs, with another $700 million expected as further workforce reductions are planned.
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