Oracle is expanding its plans for layoffs at the company.

As described under the "2026 Restructuring Plan," Oracle has expanded its expected costs related to this to $2.8 billion.

Oracle first announced its restructuring plan towards the start of this year; at the time estimating that the total costs were expected to reach $2.1 billion. By April 2026, the company had begun laying off employees, with thousands of jobs expected to be affected.

In June, with the publication of the company's annual report, it was revealed that Oracle had 141,000 employees as of May 31, 2026, down from 162,000 the previous year - representing 21,000 job cuts over the 12-month period. Those job cuts resulted in $1.84bn in severance payments and exit costs.

In the company's latest quarterly filing, it notes that management has decided to supplement the plan "by approximately $700 million to reflect additional actions that we expect to take."

It adds that those restructuring costs are "primarily related to employee severance costs," suggesting the scale of the layoffs is expected to increase.

DCD has contacted the company for comment.

In addition to announcing the amended restructuring plan, Oracle chairman Larry Ellison was also said to be planning to sell up to 50 million shares of Oracle common stock. But just one day later, a second filing said that Ellison had decided to drop those plans.

No explanation behind this change of heart was provided, with the company stating: "Larry Ellison, executive chair of the board and chief technology officer, has cancelled his 10b5-1 Plan to sell Oracle stock. No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock."

Oracle published strong results for its first quarter of 2027. Infrastructure as a Service revenue was up 121 percent Year-on-Year (YoY), bringing in $7.4 billion, while remaining performance obligations (RPO) were also up $209bn YoY to $664bn.