AI Reshuffle: The Tech Jobs Being Cut vs The Ones Being Created
At 6 am, the email arrived. Oracle had begun its second round of layoffs this year. As many as 3,000 of those affected may be from India alone. Product engineering teams are reportedly among the worst hit. Oracle's workforce had already shrunk by about 21,000 people, or 13 percent, in the fiscal year ended May 31. "Worked till 3 am", wrote a man who lost his12-year Oracle job. The layoff…
On September 6, Oracle announced its second round of layoffs this year, with up to 3,000 Indian employees potentially affected. The tech giant has already reduced its workforce by 21,000, or 13%, during the fiscal year ending May 31. A tracker recorded 123,305 tech employees cut across 289 companies in 2026, a 699% increase compared to the previous year, with nearly four months left in the year.
Other major tech companies also announced significant cutbacks: Amazon laid off 17,267 workers, Dell fired 11,000, Meta dismissed 10,400, and Microsoft reduced its headcount by around 4,800. Oracle CFO Hilary Maxson criticized the phrase "doing more with less" during an all-hands meeting following the layoffs.
In the UK, Adidas' Gurgaon tech hub, which employs around 700 people, plans to cut 300 to 350 positions. The company described the move as a "difficult decision" but emphasized that the hub remains crucial to its plans. Meanwhile, Anthropic launched Claude Frontier Academy, a $100 million program to train 10,000 "Frontier Deployed Engineers" by the end of 2027. This initiative is set to launch cohorts in San Francisco, New York, and London, with companies like Accenture, Bain, and Capgemini representing the first cohorts.
Despite the layoffs, the demand for AI-related roles remains robust. Infosys plans to move up to one-third of its workforce into AI positions. Additionally, Tata Consultancy Services (TCS) is equipping 50,000 associates with Anthropic's Claude technology. As a result, the scale gap between laid-off workers and new AI job opportunities becomes evident, although the exact correlation between laid-off individuals and available positions remains unclear.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
