{"id":1034865,"date":"2026-09-12T11:34:28","date_gmt":"2026-09-12T06:04:28","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1034865"},"modified":"2026-09-12T11:34:28","modified_gmt":"2026-09-12T06:04:28","slug":"oracle-adds-700-million-to-job-cut-costs-taking-restructuring-bill-to-2-8-billion-amid-ai-push","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/12\/oracle-adds-700-million-to-job-cut-costs-taking-restructuring-bill-to-2-8-billion-amid-ai-push\/","title":{"rendered":"Oracle adds $700 million to job-cut costs, taking restructuring bill to $2.8 billion amid AI push"},"content":{"rendered":"<p>Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work.<\/p>\n<p>The company also disclosed a new share trading program for Chairman Larry Ellison, who owns about 40% of Oracle\u2019s stock. The plan, which was adopted June 22, permits Ellison to sell 50 million shares through Oct. 24, the company said in a regulatory filing. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work. The company also disclosed a new share trading program for Chairman Larry Ellison, who owns about 40% of Oracle\u2019s stock. The plan, which was adopted June 22, permits Ellison to sell 50 million shares through Oct. 24, the company said in a regulatory filing.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1034865","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034865","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1034865"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034865\/revisions"}],"predecessor-version":[{"id":1034866,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034865\/revisions\/1034866"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1034865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1034865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1034865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}