India, April 2 -- American technology major Oracle Corporation's decision to part ways with 30,000 employees globally-almost 19% of its total workforce-has sent shockwaves through the organization. It has also deepened concerns about the sustainability of software product companies in the era of artificial intelligence (AI) and automation.

Employees across sales, human resources, engineering and developer roles faced the axe after receiving an email from the company's leadership at 6am (in all time zones) on Wednesday, citing "broader organisational change". The company, which follows a June-May financial calendar, ended fiscal year 2025 (FY25) with 162,000 employees worldwide.

Mint learns that about 12,000-15,000 of Oracle's layoffs wi...