Oracle, a leading US IT company, has recently laid off about 30,000 employees worldwide, including many in India, as part of a significant restructuring effort aimed at cutting costs by up to $1 billion. This move was foreshadowed in Oracle's Q3 FY2026 earnings report, which contained a mention of workforce restructuring linked to advancements in artificial intelligence (AI). The report suggested that AI technology is enabling the company to develop software more efficiently, thereby reducing the need for a larger workforce. The restructuring charges reported for the first nine months of FY2026 have increased nearly fivefold compared to the same period last year, underscoring the aggressive cost-cutting measures that have been quietly implemented over several months. The layoffs, which caught many employees off guard, were communicated through early-morning emails, marking a significant shift in the company's operational strategy. This restructuring initiative was first announced in September 2025, indicating that the layoffs were part of a pre-planned overhaul rather than a sudden decision.