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- Oracle 30K Layoffs Global | India 12K Jobs Cut; Non Essential Roles Axed
New Delhi1 day ago
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Oracle is an American tech company, which provides data services to companies around the world.
Oracle, the tech company of Larry Ellison, the world’s sixth richest businessman, has fired about 30 thousand employees. Of these, there are 12 thousand employees from India. According to media reports, the company may also start the second round of layoffs next month.
Employees received termination letters in their inboxes at 6 am on Tuesday, March 31. It was written in it that today is his last working day. Within minutes his system access was cut off. The company has not yet given the reason for the layoff.
According to India Today, Oracle wrote in a mail to 30 thousand employees-
We want to give you an important and difficult information related to your post. Keeping in mind the current needs of the company, we have decided to eliminate your position as part of a major change in the organization. So today is your last working day.
We thank you for your contribution, hard work and work. After signing the termination documents, you will be eligible to receive a severance package as per the company’s terms and conditions. You will receive information about this on your Oracle email through DocuSign.
You will need to provide your personal email address to receive further important information, FAQs and documents. Please submit your personal email immediately. If any mistake is made, you can fill a new form. This email will be used only for separation and severance related information.
Soon, access to your computer, email, voicemail and files will be blocked and you will not be able to login to the system. Keep in mind that you cannot download, copy or retain any confidential information of the company. Thank you for your contribution to our organization. If you have any questions, please contact the HR team.
Claim- Employees fired because of AI
Michael Shepherd, a senior manager, wrote on LinkedIn that senior engineers, architects, operations leaders, program managers and technical specialists have been laid off. He said that this retrenchment has not been done on the basis of performance.
Here, in a BBC report quoting senior employees, it has been said that the company is investing heavily in AI, due to which this step has been taken. Oracle is using AI tools internally. With its help, fewer employees are able to do more work.
Expert said – invisible layoff is being done
Experts are calling it ‘invisible layoff’, in which companies are quietly reducing the number of employees gradually without making any big announcement. In the last three months, more than 94 thousand people have lost their jobs in companies like Amazon, Meta and Dell combined.
The employee said – he was fired for protesting against 16-hour shifts
Former Oracle employee Merugu Sridhar says he was fired from his job in September. He had raised his voice against the 16-hour long shifts in the company. He claims that he was thrown out for this reason. Sridhar also said that Indian origin employees working in America have been most affected in this matter.
Oracle included among the world’s biggest tech companies
- Oracle is a large American technology company, which provides data management and cloud services. It was founded in 1977 by Larry Ellison and his partners.
- In the 1970s, Ellison created a database for the CIA, codenamed ‘Oracle’. Oracle means ‘source providing accurate information’. The CIA needed a similar system to store and manage massive amounts of data.
- The biggest work of Oracle is to securely store and manage the data of companies and institutions. Many of the world’s largest banking, government and business organizations use Oracle’s database systems.
- Oracle company also provides cloud service, through which companies can keep their data secure and accessible. In India too, many banks, income tax departments and big companies use Oracle’s technology.
Oracle owner Larry Ellison is the 6th richest businessman in the world. His net worth is Rs 17.15 lakh crore.
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