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 work outside the US, and in the EU collective redundancies require consultation, written […] This story continues at The Next Web

Read it at The Next Web ↗

← Front page