Oracle to incur additional $700 million in restructuring charges amid AI push

Oracle Corp. is expanding its workforce reduction plans, expecting to incur an additional $700 million in restructuring charges, bringing the total estimated cost of its fiscal 2026 restructuring plan to $2.8 billion. This move is driven by an expensive push into artificial intelligence infrastructure and mounting cash flow pressure, as the company scales up data center capacity for major clients including OpenAI.