“AI models for generating computer code have become so efficient that we have been restructuring our product development teams into smaller, more agile and productive groups”
US IT tech giant Oracle recently laid off around 30,000 employees across multiple countries, including India as it plans to cut costs by up to $1 billion. It has now emerged that Oracle filed its Q3 FY2026 earnings release in the same week thousands of employees received termination emails in the morning.
View primary source (economictimes.indiatimes.com) ↗
See every recorded layoff for Oracle.
AI Layoff Tracker, AskTheRecruiter.com. "Oracle, 21,000 jobs (2026-04-06)." Retrieved Aug 1, 2026. Primary source: economictimes.indiatimes.com.