{"id":1034700,"date":"2026-09-12T08:36:54","date_gmt":"2026-09-12T03:06:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1034700"},"modified":"2026-09-12T09:03:36","modified_gmt":"2026-09-12T03:33:36","slug":"oracle-to-spend-700-million-more-on-restructuring-costs-as-it-ramps-up-ai-spending","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/12\/oracle-to-spend-700-million-more-on-restructuring-costs-as-it-ramps-up-ai-spending\/","title":{"rendered":"Oracle to spend $700 million more on restructuring costs as it ramps up AI spending"},"content":{"rendered":"<p>Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 \u200bmillion as the cloud company seeks to \u200brein in costs while spending billions to capitalize on booming demand for artificial intelligence \u200bservices. <\/p>\n<p>In a regulatory filing on Friday, Oracle said the increase, disclosed after the end of its August quarter, raises the expected cost of its fiscal 2026 restructuring plan to roughly $2.8 billion. The plan, which the company says includes severance, contract terminations and other exit expenses, \u200cis partly tied \u2060to the \u2060adoption of AI across some functions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 \u200bmillion as the cloud company seeks to \u200brein in costs while spending billions to capitalize on booming demand for artificial intelligence \u200bservices. In a regulatory filing on Friday, Oracle said the increase, disclosed after the end of its August quarter, raises the expected cost of its fiscal 2026 restructuring plan to roughly $2.8 billion. The plan, which the company says includes severance, contract terminations and other exit expenses, \u200cis partly tied \u2060to the \u2060adoption of AI across some functions.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1034700","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1034700"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034700\/revisions"}],"predecessor-version":[{"id":1034727,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034700\/revisions\/1034727"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1034700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1034700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1034700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}