ORACLE $2.1 BILLION IN RESTRUCTURING ACTIVITIES -- Oracle 10Q (March 2026)

Oracle 10Q (March 2026)
ORACLE $2.1 BILLION IN RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES
Fiscal 2026 Oracle Restructuring Plan
During the first nine months of fiscal 2026, our management approved, committed to, initiated and further supplemented plans to restructure and further
improve efficiencies in our operations due to our acquisitions and certain other operational activities (2026 Restructuring Plan). The total estimated
restructuring costs associated with the 2026 Restructuring Plan are up to $2.1 billion and will be recorded to the restructuring expense line item within our
condensed consolidated statements of operations as they are incurred through the end of the plan. We recorded $156 million and $982 million of
restructuring expenses in connection with the 2026 Restructuring Plan for the three and nine months ended February 28, 2026, respectively. Any changes to
the estimates of executing the 2026 Restructuring Plan will be reflected in our future results of operations.

https://investor.oracle.com/sec-filings/sec-filings-details/default.aspx?FilingId=19237933

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001341439/751a926c-6f62-4baf-8f51-80cbcafdc616.pdf

#Restructuring #Layoffs #CostCutting #Reorg

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my new best buddy Gemini says:

"Key Details on the 2026 Layoffs:

Timeline: Reductions are reportedly scheduled to start in March 2026 and may continue through the end of Oracle’s fiscal year on May 31, 2026.

Scale of Cuts: Estimates from investment banks like TD Cowen suggest the layoffs could impact between 20,000 and 30,000 employees, which is roughly 20% of Oracle's global workforce. Some recent unconfirmed reports suggest this number could even reach 45,000 due to increased AI automation.

Restructuring Fund: Oracle recently increased its restructuring budget to $2.1 billion. Analysts note that approximately $1.1 billion of that remains unspent and is likely earmarked for severance payouts for these upcoming cuts.

Affected Divisions: * Cloud Division: Hiring has reportedly slowed or frozen as the company reviews open listings.

    Middle Management: Sales and marketing teams have already seen "rolling layoffs" over the past few months.

    Technical Roles: Engineering and database administration roles are increasingly targeted for replacement by AI-driven automation.

    Cerner: There is persistent speculation that Oracle may sell its healthcare unit, Cerner, which would lead to further headcount reductions."

FOBO who is calling it fake works for HR at Oracle and is on the layoffs list

@ag I heard 10,000 were laid off in September

@ad

156 spent in the past quarter and 982 spent in the FY so far. This is not hard to comprehend. They’re reporting what has happened, no what will happen.

@a5
Half of it has already been spent. Read the full statement.
How many people were laid off last time?

"...three and nine months ended February 28, 2026, respectively...."

I read May and October.
Any other take on this?

@a5 this is set to happen across 5 quarters not 1. Oracle reports restructuring across 2 FYs

@a3 What makes you think it’s fake news?

$2.1 BILLION. Do the math. That's a huge number of layoffs.

This looks legit. People calling it fake can’t read

Fake news!

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ORACLE $2.1 BILLION IN RESTRUCTURING ACTIVITIES -- Oracle 10Q (March 2026)

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