Saturday, 12 September, 2026
Funding the AI Surge: Oracle Adds $700 Million to Job-Cut Budget as Costs Hit $2.8 Billion
By TechShots Studio
Oracle increased its 2026 restructuring plan by $700 million, bringing its total bill to roughly $2.8 billion. The funds will primarily cover employee severance and exit costs as the software giant slashes operating expenses and reduces headcount. The aggressive cost-cutting comes as heavy spending on AI data centers for high-profile clients like OpenAI strains the company's short-term cash flow.