AI + ML Oracle tops up restructuring fund for FY26 by $500M Pot of money grows to $2.1BN for fiscal '26, as Big Red exec says AI helping smaller engineering teams do more Oracle has increased funding for its restructuring plans for the current financial year by $500 million, with some observers ant… …
… Those layoffs accounted for more than half of the state’s 1,021 jobs lost so far this year. The cuts appear to be part of Oracle’s fiscal 2026 restructuring plan, first valued at up to $1.6 billion in September 2025 and later raised to $2.1 billion in March. …
… She said she helped build and launch FreeSQL.com, Oracle’s next-generation SQL learning platform, from the ground up and played a key role in the LiveSQL-to-FreeSQL rewrite, “improving onboarding and developer experience for thousands of users.” MORE CONTEXT Banker claims Oracle may slash up to 30,… …
… If Meta were to follow through with a 20 percent cut, it would mean the elimination of about 15,000 jobs and bring Meta’s headcount to its lowest point since 2021, when it had about 58,600 full-time employees. …
… In March, Oracle increased the estimated cost of its fiscal 2026 restructuring plan by $500 million, taking the total to as much as $2.1 billion, as observers anticipated broader job cuts. …