India, April 7 -- The AI Cover Story For Layoffs

As AI adoption soars, an unsettling reality is unravelling. Global tech giants are slashing jobs in hordes, citing automation and restructuring. Experts, however, opine that AI may have just become an excuse for layoffs, as companies rejig their cost structures to fund a capital-intensive transition to an AI-first future.  

On The Chopping Block: This shift is vividly playing out at Oracle, where estimates suggest up to 30,000 employees have been laid off globally. India is expected to account for 4,000 of these layoffs. Then, there is Atlassian that recently announced a 10% workforce reduction, while Block trimmed its workforce by up to 40%, citing AI efficiency gains. 

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