Oracle Fires 30,000 Workers by Email as Tech Layoffs Hit New Low

Imagine waking up to check your work email and finding out you no longer have a job. That's exactly what happened to thousands of Oracle employees this week.

The tech company (which makes software for businesses) sent out emails at 6 AM Eastern time on Tuesday, telling workers their jobs were eliminated. The message was short and cold: "After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role."

Key Facts: • Oracle cut approximately 30,000 jobs out of 162,000 employees worldwide • Workers received the news via email with no warning • Oracle's stock price has fallen 25% this year • The company is cutting costs while spending heavily on AI technology

Why Email Layoffs Are Becoming Common

Laying off workers by email might seem heartless, but it's becoming standard practice in big tech companies. When thousands of employees need to be let go across different time zones, email is the fastest way. It also allows companies to immediately cut off access to work systems, preventing angry employees from causing damage.

Other tech giants like Tesla, Google, and Amazon have also fired workers through mass emails. Some companies have even used Zoom calls or pre-recorded videos, leaving employees no chance to respond or ask questions.

What This Means

As companies rush to invest in artificial intelligence (AI - computer systems that can think and learn), they're cutting human workers to save money. Unfortunately, getting fired by email might become the new normal in the tech industry, making job loss even more impersonal and stressful for workers.

This is an AI-generated summary. Read the original article at: https://www.marketwatch.com/story/fired-via-email-some-of-the-30-000-workers-cut-by-oracle-woke-up-to-a-morning-message-saying-they-were-laid-off-89a7af94?mod=mw_rss_topstories