Oracle disclosed in a regulatory filing that it raised the expected cost of its fiscal 2026 restructuring plan by about $700 million to $2.8 billion, largely to cover expenses such as layoffs tied to its AI transformation. Over the prior year, the company cut about 21,000 jobs, or 13% of its workforce. Oracle also said it plans to raise $40 billion in debt and equity financing in the current fiscal year, including a $20 billion stock sale completed in the first quarter.

Proofpoint is in talks to acquire Israeli cybersecurity firm Varonis. Varonis shares rose more than 10% on Wednesday after the reports, lifting its market value to about $5.37 billion. Varonis is headquartered in Miami and has more than 2,400 employees worldwide. The company is expected to generate about $735 million in revenue in 2026, up roughly 18% year on year.