Gulte Movie News And Politics
One of the biggest human workforce lay off operations in the world happened with Oracle this week as the company fired as many as 30,000 employees worldwide. This happens to be one of the biggest sizing down operations by any major IT company in recent years.
Coming to the topic now, the latest development are suggesting that Larry Ellison who’s the founding director of Oracle has lost over $200 billion in evaluation for the last six months.
After briefly, becoming the richest man on the planet by surpassing Elon Musk last September, Larry had lost nearly $200B in valuation as Oracle stock fell by nearly 55%.
With the most recent layout off operation where 30,000 workers lost their jobs, Larry’s wealth went from $388B last September to around $195B as on April 3, 2026. He has lost nearly 50% of his valuation in the net worth.
The total volume of this loss that has been sustained by the founder of Oracle comes up to around ₹18 lakh crore in Indian currency. He went from being the richest man on earth to a man who lost nearly half of his wealth, Rs 18 lakh crore in 6 months. This has to be one of the biggest downfall in the global tech industry.
Another point that must be noted here is that Oracle had already fired nearly 12,000 out of its total 30,000 workers in India, which essentially means that half of the company is wiped away in the country.
Tags Larry Ellison
