During the first quarter of fiscal 2026, our management approved, committed to and initiated 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 $1.6 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 $415 million of restructuring expenses in connection with the 2026 Restructuring Plan during the three months ended August 31, 2025. Any changes to the estimates of executing the 2026 Restructuring Plan will be reflected in our future results of operations.
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O had to disclose the quota for Fusion layoffs while laying off in NZ as part of their legal process. It's 10%, likely the same as global target. Which makes it around 17k total.
Sounds like quarter over quarter culling of the heard. Post Oracle Cloud/AI WOrld will be another one as you work hard for those presentations don’t forget to give time to your resume. Then it’s Christmas oh the time of goodwill and RIFs to all people. Unless LE is given a very nice leaving package that’s the only way it will be over be over by next week!
So it means only 26% of scheduled layoffs have been done so far; so we might be looking at 16K laid off employees total when it’s all said and done ;
LE said: “Hold on to your seats, People…!”