While increasing AI investments, Oracle (ORCL.US) plans to raise restructuring costs by another $700 million in fiscal year 2026 as it strives to control expenses.

According to information from Zhitong Finance APP, while Oracle (ORCL.US) is investing billions of US dollars to seize opportunities brought by the surge in demand for artificial intelligence (AI), this cloud computing giant is also seeking to control costs. In a regulatory filing submitted on Friday, the company stated that as part of a restructuring plan, which includes layoffs, its costs will increase by about 700 million US dollars.