Oracle raised its layoff budget by $700 million to $2.8 billion.
Oracle expanded what it calls its 2026 Restructuring Plan by $700 million in a regulatory filing, Bloomberg reported.
The estimated cost is now about $2.8 billion, largely for severance payments.
Oracle said it has already incurred about $2.1 billion under the plan. The software provider attributed the increase to "additional actions that we expect to take".
Bloomberg reported that Oracle employed about 141,000 people worldwide as of late May, including some 49,000 in the United States. Total headcount was about 21,000 lower than a year earlier.
Bloomberg reported that Oracle expanded the plan while under cash pressure from building large data centres for generative AI work.
The $2.8 billion is the whole restructuring plan, not severance alone. Bloomberg says severance is most of it.
When your vendor spends $2.8 billion on leaving, how do you check the team on your account is still there?
Sources
Our file on Oracle
- 20 Sept
Oracle's data-centre lenders are stuck with $18 billion they cannot sell.
- 17 Sept
Oracle shipped 673 patches. Six maximum-severity flaws needed no login.
- 10 Sept
An Oracle flaw let attackers take Social Security numbers. Bimbo Bakeries confirmed it.
- 9 Sept
Brussels settled with SAP. It is now asking about Oracle.
- 8 Sept
£19m budgeted. £216.5m lost.
For your next steering committee
- 1Ask your integrator to name the people on your programme and to confirm which of them are staying.
- 2Ask what the contract says about replacing key people, and who approves a replacement.
- 3Ask where knowledge of your configuration is written down, outside the heads of the people who built it.
Issue 01 of the ERP LEADERS brief puts a timeline, the three-number review and six questions on one page. Read issue 01
Welcome back. · Issue 01