Oracle has expanded its fiscal 2026 restructuring plan by approximately $700 million, bringing expected costs to roughly $2.8 billion as the company pursues strategic initiatives and operational efficiencies that include adopting and integrating AI across certain functions.
The Sept. 11 Securities and Exchange Commission filing does not specify what actions the additional $700 million will cover or how many employees could be affected. Oracle said restructuring expenses under the broader plan include employee severance, contract termination and other exit costs.
As of Aug. 31, prior to the additional $700 million, Oracle estimated total restructuring costs of up to $2.1 billion.
The disclosure comes as Oracle employees across social media reported a recent round of layoffs, including at Oracle Health. Business Insider first reported the layoffs Sept. 14, citing three people affected and an email notification.
The filing comes months after Oracle cut thousands of jobs, including 539 layoffs at the former Cerner campus in Kansas City, Mo. Oracle acquired EHR company Cerner in 2022, renaming it Oracle Health.
Oracle’s website in March said it employed about 162,000 people, which has since been updated to 141,000 as of September.
Becker’s has reached out to Oracle to confirm the Sept. 14 layoffs and will update this story if more information becomes available.
