Oracle Expands 2026 Restructuring Budget by $700M to $2.8B as AI Data Center Costs Mount
According to regulatory disclosure filed Friday, Oracle expanded its 2026 Restructuring Plan budget by $700 million to $2.8 billion, driven primarily by severance costs tied to aggressive artificial intelligence infrastructure spending. The company has already absorbed approximately $2.1 billion in
ORCL-4.24%
GateNews·09-11 23:37
