Oracle plans to raise its restructuring costs by about $700 million as it continues investing in AI-related infrastructure, according to reports. The company has also started cutting thousands of jobs earlier this year as it looks to conserve cash.
Times of India reports the fiscal 2026 restructuring plan would increase to a total of $2.8 billion, reflecting an ongoing effort to manage expenses tied to its AI push. NDTV links the strain to the costs of expanding AI data centres built for customers including OpenAI. Times of India also says investors are concerned about the scale of Oracle’s AI spending. The outlet adds that Oracle intends to raise about $40 billion through a mix of debt and equity and reports a backlog of $664 billion, with roughly half expected to convert into sales.
