This time, Oracle’s mass layoffs around the world, 30,000 workers lost their jobs! How much influence in India?

The US tech giant Oracle laid off 30,000 workers overnight! This retrenchment is going on all over the world. India is not left out. It is reported that many workers have lost their jobs in this country. Many workers reported receiving layoff mail at 6 am. Although the income of the IT company has increased at a great rate in the current financial year. So why mass retrenchment?

Initially, it was reported that 30,000 workers would be laid off, but Oracle did not confirm the number of workers who lost their jobs. News agency ANI claimed that India and Mexico were the most affected. In India the number is around 12 thousand. The company’s growing reliance on AI is behind the 30,000 layoffs overnight. In other words, a real worker is losing importance in the world of artificial intelligence! The company’s management team believes that AI alone is taking on and will replace countless workforces.

Artificial intelligence is the future of the organization. With that in mind, Oracle recently invested $156 billion in building data centers. Investment mainly for OpenAI. One of the reasons for this huge cost is the purchase of 3 million specialized chips for the data center. Apart from the initial investment, it is said to cost between 6.9 billion to 50 billion annually. According to informed sources, due to this huge amount of money investment, the company walked the path of cost reduction in various areas including staff layoffs.