Oracle Lays Off 30,000 Employees — Why Is Tech Cutting Jobs Worldwide?

Global technology companies are entering a fresh phase of large-scale restructuring, with Oracle Corporation reportedly cutting around 30,000 jobs worldwide. India has been heavily impacted, with thousands of roles affected in the process. The development reflects a broader shift across the industry, where firms are redesigning operations, streamlining costs, and adjusting workforce structures at scale. Across 2026, companies such as Amazon, Meta, and others have also announced significant layoffs as the global tech sector undergoes rapid transformation.