Oracle company owner Larry Ellison
The world's famous software company Oracle has trimmed thousands of employees simultaneously in India. According to reports, the company has fired about 10 percent of its India -based employees. This step has been taken at a time when the top officials of the company have returned after meeting former US President Donald Trump. Oracle has a large network in cities like Bengaluru, Hyderabad, Pune, Mumbai, Noida, Kolkata and Chennai in India, where thousands of people are employed.
According to the Navbharat Times report, till last year there were about 28,824 employees of Oracle in India. Now thousands of these employees have been fired in one stroke. Questions are being raised on the timing of this trimming. Many people believe that jobs are being cut in India to increase employment opportunities in America. However, no official statement has been made by OraCle on this trimming so far, causing doubt and speculation to intensify.
After the news of spraying in Oracle, there was a stir in the company's stock market. The company's shares fell nearly 6% on Tuesday. This had the biggest impact on the company owner Larry Ellison. In a single day, he lost about $ 15 billion i.e. ₹ 1.31 lakh crore. Alison is counted among the richest people in the world. He has more than 40 percent shares of Orackle Company.
Larry Alison is the founder of Oracle Company. He worked as the CEO of the company for nearly 37 years. In 2014, he left the CEO chair, but still he remains the chairman and Chief Technology Officer (CTO) of the company. Last month, there was a big change in the list of world's richest people. Mark Zuckerberg, the head of the Meta platforms, came at number three, while Oracle's co-founder Larry Ellison took a big jump and finished second. According to the Bloomberg Bilinyers Index, Alison's total assets reached $ 251 billion.
Due to Larry, OraCle has also achieved big contracts of billions of dollars in the field of cloud computing in recent months. The company is also emphasizing on creating data centers, which will provide services to companies like Openai. In the last quarter, Oracle's earnings were much higher than expectations. The CEO of the company says that the company will perform better in the financial year 2026. Oracle has also partnered with many big companies.
At the same time, Alan Musk is still in the forefront of the world's richest people. He has a wealth of about $ 371 billion. At number two is Larry Ellison of OraCle Company. Mukesh Ambani's property has also increased. On Tuesday, his wealth increased by $ 3 billion and he has again joined the $ 100 billion club. Now he has become the 17th richest person in the world. Gautam Adani's wealth has also increased to $ 79.6 billion and he is now at number 20.
