First up, job cuts. Last quarter, Oracle disclosed a 2026 restructuring plan that it expected would cost the company up to $1.6 billion primarily due to “employee severance costs.” Of that $1.6 billion, Oracle has recognized about $826 million in charges against the plan—that means Oracle still had about $788 million to go. Bloomberg reported last week that Oracle was eying layoffs in the thousands to rebalance its workforce and to lean further in on its shift from an enterprise software licensing company into a cloud infrastructure provider that competes with Microsoft and Amazon.
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