gg2
Oracle news
The gist
Oracle began a new round of layoffs after raising restructuring costs by $700 million.
The cuts come as investors weigh AI spending against weak cash flow.
How it unfolded
- Jun 22, 2026Larry Ellison adopted a 10b5-1 trading plan to sell up to 50 million Oracle shares, expiring October 24.
- Sep 10, 2026Oracle reported Q1 FY27 results: revenue up 30% to $19.3 billion, cloud revenue up 62% to $11.6 billion, IaaS up 121% to $7.4 billion, and RPO up $209 billion year-over-year to $664 billion; free cash flow was negative $5 billion.
- Sep 11, 2026Oracle disclosed in a Friday regulatory filing an additional $700 million in restructuring costs, bringing the expected cost of its fiscal 2026 plan to about $2.8 billion.