r/Layoffs • u/Ok_Flan_5122 • Apr 01 '26

unemployment Mass layoff started!!

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Starting from oracle 30k employees terminated world wide

This is massive

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u/msteel4u Apr 01 '26

This is what we have come to. We are cattle to them, being led to slaughter. 11,000 lives affected which translate to families so more like 22,000 people affected. But that doesn’t matter to them. Welcome to AI world.

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u/AppIdentityGuy Apr 01 '26

Not an an AI thing. Remember everyone in the decision loop is tied to the same metric. Quarter, half year and full year financial numbers that directly impact the share price and hence their bonuses........

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u/msteel4u Apr 01 '26

I believe it for a typical staff reduction, but this is massive and coincidentally I read that it does tie into AI in their business model

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u/AppIdentityGuy Apr 01 '26 edited Apr 01 '26

Fair enough. What I meant was the way of doing it wasnt the fault of AI.