Oracle Layoffs: Tech company Oracle recently showed thousands of its employees the way out. When the employees opened their emails on the morning of March 31, they came to know that their service was being terminated. According to media reports, the company has 30,000 workers laid off Of which about 12,000 were working in India. There are 1.62 lakh employees working in this company of Larry Ellison, considered close to Donald Trump, out of which about 18 percent have been thrown out in one stroke. AI is considered to be a major reason behind this.
What Does the Company Say Behind Oracle Layoffs?
In Oracle Layoffs, the jobs of senior engineers, architects, operation leaders, program managers and technical specialists working in India, America, Canada and many other countries have been lost. The company said in its statement that keeping in mind the business needs, the services of some employees have been terminated. Employees have received this email from ‘Oracle Leadership’.
How big a role does AI play in layoffs?
This layoff in Oracle is also being linked to AI. Actually, for some time now the company has increased its investment on AI. This company making business software is now spending money on the datacenter required to develop and operate AI systems. Through this, Oracle wants to compete with Alphabet and Amazon etc. in the cloud sector. The company has also signed a datacenter deal with OpenAI worth $300 billion. However, investors have expressed concern about the increasing debt and other expenses of the company.
Why are the jobs of tech experts at risk?
With the advent of AI, the threat to the jobs of many tech employees has increased. especially Software engineers’ jobs threatened by AI Is. Heads of many big tech companies have said that AI can do all the work done by software engineers. Anthropic CEO Dario Amodei had said a few weeks ago that soon AI will handle the entire coding process from start to end. AI models are improving so fast that they can do all the work that a software engineer does. Similarly, OpenAI CEO Sam Altman has also said that in the coming time, AI agents will replace software engineers. These agents will be able to do all the work that experienced software engineers do.
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