By Lindsay Clark
Publication Date: 2026-03-12 16:00:00
Oracle has increased funding for its restructuring plans by $500 million for the current fiscal year, with some observers expecting a flood of job losses.
Co-CEO Mike Sicilia said in a call with investors earlier this week Big Red used AI coding tools to reduce the size of development teamswhich allows us to “deliver more comprehensive solutions to our customers more quickly.”
He claimed that Oracle had just developed three new customer experience (CX) applications as well as a new website builder.
Oracle has increased its debt load in recent months, while financial researchers suggest the company may need to cut up to 30,000 jobs to fund its AI data center spending.
