Oracle Executive Chairman Larry Ellison has canceled his plan to sell 50 million shares of Oracle stock, the company said on Saturday.

Oracle Corp. Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion, a day after the company disclosed the founder’s divestment plan.

Oracle raised its estimated 2026 restructuring costs by $700 million to about $2.8 billion amid expensive AI data center deployment.

Oracle Corp. expanded its "2026 Restructuring Plan" by $700 million, bringing the total estimated cost to about $2.8 billion, according to a…

Oracle Corp. has expanded its workforce-reduction strategy, adding $700 million to its restructuring budget to manage cash-flow pressures.

Oracle Corporation (NYSE:ORCL) and CoreWeave, Inc. (NASDAQ:CRWV) are both spending enormous sums to turn scarce GPUs and data-center capacity into AI cloud revenue. Their financing models increasingly look very different. Oracle reported September 10 that remaining performance obligations reached $664 billion after more than $30 billion of new AI cloud contracts. Crucially, $11.36 billion of […]

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.