Larry Ellison-founded company laid off employees | Tech News
Oracle laid off employees on Tuesday morning (Image: Getty Images)
Employees of Oracle, co-founded by billionaire Larry Ellison, reported receiving layoff emails round 6 a.m. on Tuesday, in response to a number of social media posts.
While the full extent of the layoffs stays unclear, the cuts at Oracle seem to have affected employees worldwide.
Dozens of people on the Oracle employees’ Reddit web page are reporting that they have been laid off by way of a single electronic mail that arrived of their inboxes minutes after 6 a.m.
More than a dozen people on LinkedIn have already introduced they have been laid off by Oracle on Tuesday, March 31, in response to Business Insider. The outlet reported that some of the roles affected embody workers in Oracle’s cloud computing business.
The software program giant Oracle was co-founded by Ellison, Bob Miner, and Ed Oates in 1977, and since then, the company has innovated the world’s first autonomous database and broadest vary of AI-powered cloud purposes.
Employees shared they have been laid off on Tuesday with a single electronic mail from Oracle Leadership (Image: Reddit)
As of May 31, 2025, Oracle employed round 162,000 full-time employees, in response to its most up-to-date Form 10-Ok submitting. Analysts have estimated that the layoffs might have an effect on 20,000 to 30,000 employees, making it one of the company’s largest layoffs, in response to Rolling Out.
In 2022, the company laid off 1000’s of people after its $28 billion acquisition of medical data giant Cerner.
Workers throughout the U.S., India, and different international locations reported receiving the identical layoff electronic mail at across the identical time on Tuesday morning from “Oracle Leadership,” below the subject line “Immediate Action Required – Important Information Regarding Your Employment.”
Who is Larry Ellison?
Larry Ellison, the manager chairman and chief technology officer of Oracle Corporation, has a web price of $179.1 billion and ranks sixth on the Forbes Billionaires checklist.
The 81-year-old billionaire has been utilizing his wealth to buy properties, together with the Hawaiian island of Lanai, which he famously purchased for $300 million in 2012, and a growing media empire along with his son, David Ellison, CEO of Paramount Skydance.
David’s Skydance Media closed an $8 billion merger with Paramount final 12 months, and now Warner Bros. Discovery has agreed to be acquired by Paramount Skydance in a $110 billion deal. The Ellison household is shaping up to carry huge control within the media world, as Oracle additionally turned a partial proprietor of TikTok U.S. in January.
The Paramount-Warner merger consists of main franchises akin to D.C. Comics, Harry Potter, and Game of Thrones, in addition to Paramount+, HBO Max, CBS, and CNN. President Donald Trump just lately named Larry Ellison to a tech panel to help advise on AI coverage, amongst different points. Larry Ellison additionally moved his major residence to Manalapan, Florida, which is in close proximity to Trump’s Mar-a-Lago property.
Oracle layoffs come because the company goals to cut prices
These layoffs come after Oracle’s stock tumbled almost 30% this 12 months, and analysts reported in late December that the company’s stock was heading towards the worst quarter since 2001.
In January, Business Insider reported that Oracle was struggling to secure financing for its $500 billion AI knowledge heart infrastructure project with ChatGPT operator OpenAI, referred to as Stargate. Then, in February, Oracle introduced a $50 billion debt raise to help fund its AI knowledge heart buildout.
Most just lately, Oracle reported its third-quarter earnings for fiscal 2026 on Tuesday, March 10, and within the earnings call, the company advised traders to not fear about its knowledge heart spending as future profitability was anticipated to improve.
In response to the query, “How comfortable are you with the values you’re creating from the AI data center business itself?” Oracle co-CEO Clay Magouyrk mentioned, “As we continue to get better and better at running these data centers, delivering them more cheaply, optimizing the amount of cost for networking and hardware spend as well as power, we see that continuing to incrementally improve.”
He added that Oracle is focused on minimizing the time required to build its buildings. “We’re very, very good at reducing those costs during that time period,” Magouyrk added.
What does the Oracle layoff email say?
Stunned employees claim they woke up to being laid off, receiving an email notifying them of the job cuts: “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.”
On the Employees of Oracle Reddit thread, workers wrote, “After 10 years, I’ve been let go,” and “Just got an email at 5 am….over 20 years service …nice.”
Another employee shared the layoff electronic mail on the thread, saying they have been let go after 5 years with the company. The responses have been stuffed with dozens of feedback from different Oracle employees saying they have been “laid off this morning too.”
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