Oracle lays off 30,000 employees; second round of layoffs likely soon; is AI to blame?
Oracle, the tech company owned by Larry Ellison has laid off approximately 30,000 employees, including about 12,000 Indian employees. According to media reports, the company may initiate a second round of layoffs as early as next month.
Some media report, citing senior employees, suggest that the company is making significant investments in AI, which has prompted this move. Oracle is utilizing AI tools internally; this enables a smaller workforce to accomplish a greater volume of work.
Employees received termination letters in their inboxes at 6 AM on Monday. The letters stated that the day marked their last working day. Within just a few minutes, their system access was revoked. The company has not yet disclosed the reasons behind these layoffs.
Experts are terming this an "invisible layoff"—a process in which companies quietly and gradually reduce their staff without making any major public announcements. Over the past three months alone, more than 94,000 people have lost their jobs across companies such as Amazon, Meta, and Dell.
According to a senior manager, architects, operations leaders, program managers, senior engineers, and technical specialists have been laid off. He stated that these layoffs were not based on performance.