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Oracle adds $700 million to job-cut costs, taking restructuring bill to $2.8 billion amid AI push
Mint 1 hr ago·12 Sept 2026, 2:24 am
Oracle raised its estimated 2026 restructuring costs by $700 million to $2.8 billion, largely for severance, as the company faces cash pressure from its costly AI data centre buildout. The company has already accrued $2.1 billion under the plan.
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