{"id":559842,"date":"2026-04-02T07:58:21","date_gmt":"2026-04-02T07:58:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/559842\/"},"modified":"2026-04-02T07:58:21","modified_gmt":"2026-04-02T07:58:21","slug":"billionaires-6am-email-that-wiped-out-10000-jobs-as-ai-layoffs-spiral","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/559842\/","title":{"rendered":"Billionaire’s 6am email that wiped out 10,000 jobs as AI layoffs spiral"},"content":{"rendered":"

By SARA MCGIFF, US REAL ESTATE & CONSUMER REPORTER<\/a> <\/p>\n

Published: 10:35 EDT, 1 April 2026 | Updated: 12:53 EDT, 1 April 2026 <\/p>\n

A tech giant run by one of America’s richest men has slashed up to 10,000 jobs in a brutal round of layoffs – as artificial intelligence begins to rip through white-collar America.<\/a><\/p>\n

Oracle, the software and cloud computing powerhouse founded by billionaire Larry Ellison, started cutting staff on Tuesday in what insiders described as a ‘significant reduction in force.’<\/p>\n

Workers said they were informed via early morning emails before quickly losing access to company systems.<\/p>\n

‘Today is your last working day,’ read one termination notice seen by Business Insider, which told staff their roles had been eliminated as part of a ‘broader organizational change.’<\/p>\n

The $420billion company has declined to comment on the scale of the layoffs, though one employee told the BBC the cuts could reach around 10,000 roles.<\/p>\n

This initial wave of job losses at Oracle’s Austin, Texas\u2013headquartered operations is expected to be the first of several rounds, potentially affecting a significant portion of its 160,000-strong workforce.<\/p>\n

Larry Ellison – the sixth-richest person in the world, who now\u00a0chairs Oracle after founding it in 1977 – <\/a>is\u00a0a longtime tech ally of Donald Trump.\u00a0<\/p>\n

Their close friendship led to him shifting his home base<\/a> from the Hawaiian island he famously bought in 2012 to be closer to Trump in Manalapan, Florida, near the president’s Mar-a-Lago estate.<\/p>\n

\"Oracle <\/p>\n

Oracle is slashing 10,000 roles as Larry Ellison ramps up an ambitious AI push, including a massive Texas data center project that’s underway with the support of President Trump\u00a0<\/p>\n

\"Larry <\/p>\n

Larry Ellison, who chairs the company, is a longtime tech ally and friend of Trump<\/p>\n

\"Oracle, <\/p>\n

Oracle, the software and cloud giant founded by billionaire Ellison, began cutting staff Tuesday in what insiders called a ‘significant’ reduction in force as up to $10,000 jobs were cut<\/p>\n

The tech mogul is worth $195 billion, according to Bloomberg<\/a>, with his fortune peaking at $388 billion in September last year – driven by an AI-fueled surge in Oracle’s stock.<\/p>\n

Oracle is pouring tens of billions into artificial intelligence – fueling concerns that AI is enabling companies to operate with far fewer employees.<\/p>\n

Its plans include a $300billion data center deal with OpenAI, the developer of ChatGPT, but investors have grown wary of the enormous spending required – including up to $50billion in new debt.<\/p>\n

In a March filing, Oracle said total costs tied to its 2026 restructuring plan could reach as much as $2.1 billion, largely driven by redundancies and related expenses.<\/p>\n

Oracle is not alone, as job cuts sweep across the tech industry amid the accelerating AI arms race.<\/p>\n

Amazon has already cut tens of thousands of corporate roles<\/a> across multiple rounds, even as it doubles down on AI.<\/p>\n

Meta has begun another wave of layoff<\/a>s this year after years of job cuts.<\/p>\n

Twitter founder Jack Dorsey’s payments company Block has axed 4,000 roles<\/a>, while Atlassian has slashed around 10 percent<\/a> of its workforce to refocus on AI.<\/p>\n

Gaming giant Epic Games also cut 1,000 jobs<\/a>\u00a0last week as it struggles with rising costs and slowing growth.<\/p>\n

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