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Some of the biggest technological companies in the world have been constantly removing the human working capital, and the repercussions are being felt very hard now.
On that note, we have the case of Oracle, which has set in motion an elaborate system where they’re starting to fire lumpsum number of human resources.
However, the point to be noted here is that Oracle reported its biggest profitable year in history, but the company has still fired around 21,000 workers globally with many of them being Indians.
For the financial year that ended in May 2026, the company reported revenue of around 67 billion dollars, its highest ever, with profits sharply up. But that did not stop the company from letting go off 21,000 of its employees.
As confirmed by several global media channels and financial institutions, Oracle reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known, including those whose jobs were eliminated by the use of artificial intelligence.
Apart from that, the company is already cancelling the offer letters that it had given to its prospective new employees across several colleges in India. This would mean that the company is not firing old employees but also restricting the issuance of new jobs.
Tags Oracle
