Oracle adds $700M to layoff bill as Ellison lines up 50M-share sale
The restructuring tab now tops $2.8B, and the founder's stock sale signals confidence even as EU rules slow job cuts.
By Hessa Al-Faleh·· 3 min

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The restructuring tab now tops $2.8B, and the founder's stock sale signals confidence even as EU rules slow job cuts.
Oracle's founder and the world's seventh-richest person now has a Rule 10b5-1 mechanism to sell up to 50 million shares, worth up to $7.5B. The schedule, the cooling-off period, and the pace will do more than the file itself.