Oracle to Spend an Additional $700 Million on More Job Cuts

(Bloomberg) -- 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. Most Read from Bloomberg PlayStation Ditched Hideo Kojima's 'Physint' on Budget Concerns, Missed Deadlines Toyota Unveils $2,500 Go-Kart in Bid to Grow Motorsports Fans Trump's $5,000 Payout Promise Underscores GOP Midterm Peril Apple to Unveil $2,000 Foldable iPhone Duo at High-Stakes Event OpenAI Is Open to Slowing Cutting-Edge AI, CEO Sam Altman Tells Staff The total costs associated with Oracle's "2026 Restructuring Plan" now are about $2.