By - Divyanshi Sinha
Oracle slashed 15,000 jobs on April 7—10% workforce—to fund $100B AI infrastructure pivot, converting server farms into hyperscale GPU clusters amid OpenAI/Microsoft deals reshaping cloud wars. CEO Safra Catz calls it "brutal but necessary," reallocating to 100,000 Nvidia H100s powering sovereign clouds dodging US export curbs to China.
Mumbai's IT echoes: Infosys/Wipro freezes mirror, Accenture hires AI specialists. Oracle's OCI surges 50% bookings from Indian banks for private LLMs, Gujarat fabs eye chip partnerships. Layoffs hit sales/support hardest, stock dips 2% to $140 despite $122B OpenAI round envy. Global: JPMorgan Dimon warns AI risks in annual letter, geopolitics amplify.
Upside: 20,000 AI engineer hires planned FY27, India Semiconductor Mission syncs. For Bandra techies, reskill or risk—Oracle's pivot signals industry's Darwinian shift. Layoffs aren't end; they're evolution fueling tomorrow's clouds.
