Oracle has raised its expected restructuring costs by $700 million to approximately $2.8 billion, with the program including workforce reductions linked partly to AI adoption.

At the close on September 11, 2026, Oracle stock finished at USD 150.28 on the NYSE, down 1.8% with

Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion.

The ongoing layoffs follow a turbulent stretch for the company’s head count; workforce levels fell by roughly 21,000 employees over the year ending in May, leaving the enterprise software maker with about 141,000 global workers.

Oracle Chairman Larry Ellison has cancelled a plan to sell up to 50 million Oracle shares worth about $7.5 billion, saying no shares were sold under the plan.

Oracle founder Larry Ellison has canceled his plan to sell up to $7.5 billion worth of stock in the software company.

Oracle just disclosed a backlog figure so large it made Jim Cramer reassess the entire growth story, but the capital costs and insider selling quietly unfolding behind that headline number tell a very different story about what comes next.

Oracle Corporation (NYSE:ORCL) and NVIDIA Corporation (NASDAQ:NVDA) have given investors another huge AI demand signal, but the economics are more important than the headline. On September 10, Reuters reported that Oracle booked more than $30 billion of new AI cloud contracts during its fiscal first quarter, helping lift remaining performance obligations to $664 billion. Quarterly […]

Oracle founder Larry Ellison has canceled his plan to sell up to $7.5 billion worth of stock in the software company.