Oracle's co-founder and Chairman, Larry Ellison, has significantly increased his direct management responsibilities, now overseeing approximately 64,000 employees, which constitutes 40% of the company's workforce. The move is part of a broader organizational shift that sees Ellison taking charge of several divisions previously managed by former CEO Safra Catz, including finance, human resources, legal, and the NetSuite division. This leadership change comes at a critical time for Oracle, as the company is undertaking a multi-billion dollar expansion of its data center operations to support its growing cloud computing and artificial intelligence contracts. Ellison's direct supervision of the finance division is particularly noteworthy given the immense capital expenditure required for this expansion. The increased oversight aims to steer the company's strategic direction as it competes in the highly competitive AI and cloud markets. Despite a recent dip, Oracle's stock has performed strongly year-to-date, fueled by high demand for its cloud services and a significant backlog of AI-related contracts. The market will be closely watching how this consolidation of power under Ellison impacts the execution of Oracle's ambitious growth plans in the AI and cloud sectors.
Oracle Founder Larry Ellison Expands Direct Oversight to 40% of Workforce in Major Restructuring
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