Mastodawn

As of March 31, 2026, Larry Ellison's net worth is estimated to be around $258 billion, according to Bloomberg, placing him among the world's top three richest individuals. His wealth is primarily derived from his 40% ownership stake in Oracle.

Today, Oracle began executing what analysts estimate could be its largest layoff in history, with reports of 20,000 to 30,000 job cuts affecting roughly 18% of its global workforce.

Employees received termination emails from "Oracle Leadership" at 6 a.m. with no prior warning, marking the day of the email as their final working day.

The restructuring is driven by Oracle's need to fund an aggressive $156 billion AI infrastructure buildout. The company reported a 95% jump in net income to $6.13 billion last quarter.

I need some carpenters and a sword maker with a big anvil. 2026, Make Guillotines Great Again.

https://thenextweb.com/news/oracle-layoffs-march-2026

#capitalism #layoffs #oracle #guillotines #ellison #techbros #StupidestTimeline

Oracle is cutting up to 30,000 employees to pay for AI data centres

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162,000-person workforce and free up $8-10 billion to fund AI infrastructure. Oracle has not confirmed the total number. Oracle began executing what […]

The Next Web

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mark 1d ago

@MissConstrue meta is rumored a similar percentage cut . They aren't even trying to hide acting in concert anymore.

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MissConstrue 1d ago

@ATLeagle If chatter is correct, meta, Microsoft, Amazon, adobe and apple all have layoffs planned that crest 10k.

It’s like they forgot the bread and circuses part of keeping an oligarchy running. Most Americans are two paychecks away from homelessness. There is no safety net, the republicans have spent 50 years destroying it.

We are a heavily armed, emotionally unstable, abused populace. Millionaires in our area have been tearing down affordable housing so they can build McMansions, which are unguarded and flammable. They flaunt their wealth by driving through Starbucks in a car that costs more than a barista makes in a decade, and seem to forget how easily poisoned they are.

The trauma response of the last two decades will explode in unfathomable violence when people start seeing their kids starve and their parents die from lack of medical care.

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mark

@MissConstrue yes. The social backlash may not be contained this time. I have lost my confidence in enough people caring at the same time, or any opposition leader breaking through the practiced propaganda professionals. Small singular actions may build up if we are lucky.