Oracle's Mass Layoffs: India Heartbroken as Thousands Axed Amid Record Profits

• Oracle laid off 20,000-30,000 employees globally, including up to 12,000 in India, many via 6 AM emails.
• The cuts, affecting engineering, cloud, sales, and cybersecurity, are to fund a $300 billion AI infrastructure push.
• Despite record Q3 revenue ($17.2B) and 95% net income increase, Oracle's stock rose 6% post-layoff news.
• Affected employees, some with 15+ years, face uncertainty, highlighting the human cost behind corporate decisions.
• Critics question firing staff while profitable, noting a trend of tech giants replacing workers with AI despite strong financials.