Oracle Layoffs Spark 'Job Hugging' Trend Among Gen Z, Millennials

• Oracle laid off 30,000 employees globally, including 12,000 in India, citing "organizational changes" and "streamlining operations."
• The layoffs, announced via email, affected employees in Bengaluru, Hyderabad, and Pune, leading many to LinkedIn to seek new opportunities.
• The mass terminations have fueled a new workplace trend called 'job hugging,' where employees prioritize stability over career advancement.
• A Monster report indicates 48% of workers are staying in current jobs due to fear and economic uncertainty, with 75% planning to stay put through 2027.
• Oracle's layoffs are linked to its aggressive investment in AI infrastructure and cloud expansion, creating pressure for employees to upskill and adapt.