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 […]

