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 anticipating a spate of job losses.

In a call with investors earlier this week, co-CEO Mike Sicilia said that Big Red was using AI coding tools to reduce the size of engineering teams, which can "deliver more complete solutions to our customers more quickly."

He claimed that Oracle had just built three new customer experience (CX) applications, plus a new website generator.

Oracle has increased its debt burden in recent months, while financial researchers have suggested that the company may need to cut up to 30,000 jobs to help fund its AI datacenter spending commitments.

A regulatory filing this week stated that Oracle’s 2026 Restructuring Plan is ...