Oracle layoffs: How co-founder Larry Ellison’s net worth dropped $200 bn in last 6 months

It has been a bruising stretch for Larry Ellison, co-founder, chief technology officer and executive chairman of Oracle. His personal fortune has fallen by nearly $200 billion since its peak in September 2025, when he briefly surpassed Elon Musk to become the world’s richest person, according to Bloomberg.

The decline was the background to Oracle rolling out its largest-ever round of layoffs to free up cash while aggressively expanding into AI infrastructure. The cuts, which began on March 31, 2026, have hit engineering hubs in India and across the globe. Employees in the US, India, Canada and Mexico received termination emails from “Oracle Leadership” at approximately 6 a.m. local time, with no prior notice from managers or HR.