Oracle hits workers with second wave of 6 AM emails as restructuring bill climbs to $2.8B

Oracle carried out a second wave of layoffs: thousands of employees received termination emails at 6 a.m. Restructuring costs rose to $2.8 billion—33% above the previous forecast—amid record quarterly revenue of $19.3 billion and 121% growth in cloud infrastructure.

• Second layoff wave: termination emails sent at 6 a.m.
• Restructuring costs rose to $2.8B, 33% above forecast
• Oracle quarterly revenue hit a record $19.3B
• Cloud infrastructure revenue grew 121%