00:00Did you wake up to an email saying,
00:02Today is your last day?
00:04Because thousands of employees at Oracle just did.
00:06In a shocking move, the tech giant has reportedly
00:09started laying off thousands of workers worldwide
00:12as it shifts billions of dollars toward artificial intelligence.
00:17Employees across the United States, India, Canada, and Mexico
00:21received termination emails early in the morning from Oracle leadership.
00:25The message was blunt.
00:26After reviewing business needs,
00:28the company decided to eliminate their roles immediately.
00:31Reports say up to 30,000 jobs could be affected,
00:35including about 12,000 in India alone.
00:37That's nearly 18% of Oracle's workforce.
00:41Ironically, these layoffs come right after Oracle reported an exceptional quarter,
00:45with revenue jumping 22%.
00:47So why cut jobs?
00:50The answer, AI infrastructure.
00:52Oracle is aggressively investing in massive AI data centers and automation.
00:56In fact, the company is already testing AI agents
01:00that can perform routine database administration,
01:03tasks once handled by teams of engineers.
01:06Analysts believe cutting tens of thousands of jobs
01:09could free up $10 billion in cash to fund this AI expansion.
01:13As the demand for AI hardware explodes,
01:17Oracle says supply still cannot keep up.
01:19The big question now is simple.
01:22Is this the future of tech,
01:24where AI growth comes at the cost of human jobs?
01:27Hand ever.
01:27.
01:27.
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