Oracle reveals $700M in additional restructuring costs tied to layoffs

[Oracle Reports Quarterly Earnings] Justin Sullivan/Getty Images News Oracle (ORCL [https://seekingalpha.com/symbol/ORCL]) revealed an additional $700M in restructuring costs tied in part to layoffs, according to a Friday filing with the U.S. Securities and Exchange Commission. "Subsequent to August 31, 2026, our management supplemented the 2026 Restructuring Plan by approximately $700 million to reflect additional actions that we expect to take," the filing [https://seekingalpha.com/filing/310059262] reads. "These costs will be recorded to the restructuring and other expense line item within our condensed consolidated statements of operations through the end of the plan.