Oracle leaders' βΉ9,500 crore stock options lose value as shares tank 53%
π Oracle's stock price has plunged 53% over the past year, causing executive stock options worth nearly $1 billion to lose all intrinsic value.
πΌ Co-founder Larry Ellison and the two co-CEOs received stock awards initially valued at approximately βΉ9,500 crore in fiscal 2026.
π The company recently conducted another round of layoffs after previously cutting 21,000 jobs to manage costs.
π€ Oracle is currently ramping up its spending on artificial intelligence despite the recent stock market decline and workforce reductions.
- Oracle's share price has plunged 53% over the past year, resulting in a total loss of intrinsic value for executive stock options.
- The company recently conducted another round of layoffs following a prior reduction of 21,000 jobs, indicating ongoing workforce contraction.