




Oracle's wide products and solutions portfolio- Cloud ERP such as Fusion and NetSuite, Cloud Infrastructure (OCI) and Applications-growing at a rapid clip, the need for specialist Oracle talent will only rise and the laid off employees will find similar roles elsewhere.
Larry Ellison’s wealth is overwhelmingly tied to Oracle stock, which surged during the AI and cloud infrastructure boom, briefly pushing his net worth above $400 billion in late 2025 before market corrections in 2026 erased part of those gains.
The layoffs, which impacted nearly 50 percent of Oracle’s India workforce, are part of a broader global restructuring that has seen about 30,000 jobs cut worldwide.
As Larry Ellison’s comments went viral, it also fuelled criticism online, with many users interpreting the remarks as a sign of tech companies embracing automation while cutting off human roles.
Oracle cofounder Larry Ellison believes today’s leading AI models are fundamentally limited because they are trained on the same public internet data. He argues the real opportunity lies in applying AI to private enterprise data, not in building ever-larger public models.
Salesforce CEO Marc Benioff has recalled that the idea for founding the company emerged during a swim with dolphins in Hawaii, a moment he later acted on by quitting Oracle.
Oracle founder Larry Ellison argues that today’s leading AI models from Google, OpenAI and Meta are becoming commoditised because they rely on the same public internet data. He believes the next major AI breakthrough will come from securely reasoning over private enterprise data, a shift Oracle is betting billions on.
Paramount has been aggressively pursuing Warner Bros. for months, and Ellison was taken by surprise when the board agreed to a deal with Netflix for $82.7 billion
Google co-founder Larry Page has moved into the second spot worldwide after surpassing Oracle co-founder Larry Ellison, according to the Forbes Real-Time Billionaires List.
Oracle’s swoon has vaulted Alphabet Inc. co-founder Larry Page past Ellison and into the number two spot on the Bloomberg Billionaires Index for the first time.
The father-son duo behind Oracle and Skydance now control CBS, are set to take a stake in TikTok, and are reshaping the US media landscape.
Larry Ellison, a twice college dropout, became the world's richest person in 2025 by betting on AI and never giving up. His journey from rejection to Oracle kingpin redefines resilience.
The increase lifted Larry Ellison's total fortune to $393 billion, ahead of Musk who sits at $385 billion
The jump in fortune is mainly attributable to Ellison’s 41 percent stake in software company Oracle.
OpenAI has been revealed as the customer behind Oracle’s $30 billion annual cloud deal, aimed at powering the ambitious Stargate data centre project. All details you need to know
More than 80% of Ellison’s wealth is in the form of Oracle stock and options.
Musk singled out three tech industry leaders—Oracle co-founder Larry Ellison, Amazon founder Jeff Bezos, and Google co-founder Larry Page—as some of the smartest individuals he has met.
China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.
Tesla's stock has soared by 40 per cent since the US presidential election, including a 3.8 per cent rise on Friday that brought shares to $352.56, their highest value in over three years. This recent increase added $7 billion to Elon Musk’s wealth, surpassing the previous record of $320.3 billion, set during Tesla's pandemic-driven boom in November 2021.
Larry Ellison owns just under 40 percent of the software giant, Oracle. He was a board member for Tesla and now only trails CEO Elon Musk’s $250.7 billion fortune for the title of the world’s richest person.