Is Larry Ellison’s Oracle turning out to be an oracle of the global tech industry?
thehindu.com Apr 2, 2026

Is Larry Ellison’s Oracle turning out to be an oracle of the global tech industry?

AI-summarised brief · reviewed before publication

Oracle's surprise layoff of 30,000 people globally, including 12,000 in India, signals a "structural reset" in the tech industry, driven by AI adoption. Tech companies have cut over 85,000 jobs in 2026, replacing human roles with AI agents. This shift is forcing firms to rebalance toward technical, product-oriented talent, with AI infrastructure being the future and legacy headcount being the budget.