Shocker To Oracle Boss: 16Lakh Cr Lost Already!

As we had reported this week, one of the biggest IT companies in the world has suffered a significant reduction in human workforce after the company fired 30,000 employees worldwide.

Larry Ellison’s personal fortune has fallen dramatically over the past six months. According to the most recent data, his net worth dropped by around $193 billion from roughly $388 billion in September 2025 to about $195 billion now.

This sharp decline is largely because Oracle’s share price fell around 55‑58 percent from its peak, and Ellison owns a significant portion of the company.

This huge wealth drop also reshuffled global billionaire rankings, moving Ellison down several places after he had briefly been one of the richest people in the world.

At the same time, Oracle has been undergoing major layoffs, cutting thousands of jobs globally as part of a strategy to fund aggressive artificial intelligence and cloud infrastructure expansion.

Reports suggest up to 20,000–30,000 roles could be affected, including large numbers in India. Many employees received sudden termination emails, which has sparked discussion about how the process was handled.

The layoffs and broader market concerns have weighed on investor confidence in Oracle’s stock, contributing to the slide in Ellison’s wealth. But despite this downturn, Ellison remains one of the richest people in the world due to his long‑standing ownership in Oracle.