Oracle has initiated significant job cuts, impacting 30,000 employees worldwide, with 12,000 roles terminated in India. This restructuring is part of a broader strategy to streamline operations and invest in artificial intelligence and automation tools.

In India, affected employees will receive severance packages that include 15 days’ salary for each year of service, alongside other benefits. This compensation structure contrasts sharply with that of US employees, who are offered four weeks’ salary for the first year, increasing by one week for each subsequent year, up to a maximum of 26 weeks.

For some Indian employees, total compensation could reach up to six months of salary, which includes notice period pay and an ex-gratia amount. Additionally, employees may receive health insurance coverage valued at around Rs 20,000.

Unused leave balances and gratuity payments will be processed separately, ensuring that employees receive all entitled benefits. The layoffs have impacted various job categories, including engineering, architecture, operations, and program management.

Notably, performance was not necessarily a factor in these layoffs, indicating that the decision was part of a larger corporate strategy rather than individual assessments. The company has not confirmed the total number of job cuts, leaving some details ambiguous.

As the situation develops, observers are keenly awaiting further clarification from Oracle regarding the specifics of the severance packages. Details remain unconfirmed, and the exact number of job cuts has not been officially disclosed by the company.

With these layoffs, Oracle is navigating a challenging landscape, balancing workforce reductions with ongoing investments in technology advancements. This dual approach highlights the complexities of modern business operations in the tech sector.

The post Oracle India Severance Leaked: 12,000 Jobs Cut Amid Global Restructuring appeared first on newsrush.

In recent years, the tech industry has witnessed a significant shift in how companies approach hiring and productivity, largely driven by advancements in artificial intelligence (AI). Before the current developments, there was a prevailing expectation that traditional hiring practices would remain essential for tech companies to meet growing demands.

However, Salesforce CEO Marc Benioff has highlighted a decisive moment in this evolution. He stated that AI-powered coding tools are not only boosting productivity but also reducing the need for hiring additional engineers. In fact, he noted, “I’m not hiring more engineers in FY26 because I was using coding agents and I was allowing the productivity from the coding agent to give me the extra capacity that I needed for the year.” This reflects a broader trend where AI is becoming integral to operational workflows.

The immediate impact of this shift is evident in Salesforce’s impressive 282% surge in AI implementation in 2025. This substantial increase indicates that AI is being embedded more deeply into the company’s core operations, fundamentally altering how tasks are executed.

Furthermore, a survey revealed that 91% of Indian sales professionals view AI agents as critical to business success, underscoring the growing reliance on AI across various sectors. This sentiment is echoed by Deepak Pargaonkar, who remarked, “These aren’t experiments anymore, they’re augmenting human judgment in real workflows.” This perspective emphasizes the transformative role of AI in enhancing decision-making processes.

Salesforce’s approach to AI, termed Enterprise General Intelligence (EGI), aims to operationalize AI across business workflows, further showcasing the company’s commitment to integrating advanced technologies. The Agentforce ecosystem, which includes nearly 800 reusable agent assets from over 160 partners, exemplifies this integration.

In contrast, Oracle’s CEO Mike Sicilia has expressed a different viewpoint, asserting that AI tools will not lead to the demise of traditional software companies. Instead, he believes that AI is meant to elevate expertise rather than replace it, stating, “AI is not here to replace expertise – it’s here to elevate it by taking on the invisible complexity underneath ideas like analysis coordination and prediction.”

Oracle is also making strides in the AI landscape, aiming to build the world’s largest AI cloud and offering 22 new AI-driven Fusion Applications. This competitive landscape highlights the ongoing evolution of AI in the tech industry.

As companies like Salesforce and Oracle navigate this new terrain, the implications for hiring, productivity, and the overall tech ecosystem remain profound. The transition from chatbots to more autonomous, agentic systems is reshaping not just workflows but also the fundamental nature of work itself.

With AI’s capabilities continuing to expand, the future of hiring and productivity in the tech sector is likely to be defined by these intelligent systems, which rely heavily on the quality of real-time data they access. Salesforce manages a staggering 50 trillion records through its real-time data platform, further illustrating the potential of AI-driven solutions.

As this landscape evolves, the voices of industry leaders will be crucial in shaping the narrative around AI’s role in the workforce, ensuring that the transition is both effective and beneficial for all parties involved.

The post Salesforce CEO on AI: A Shift in Productivity and Hiring Dynamics appeared first on newsrush.

On March 10, 2026, the Nasdaq closed slightly higher, gaining 0.01% and finishing the day at 22,697.10. This closing value was just below its 100-day moving average of 22,702.42, indicating a critical juncture for the index as it navigates through current market conditions.

Oracle’s recent earnings report played a significant role in influencing market sentiment. The company reported Q3 estimates that exceeded expectations, with revenue reaching $17.19 billion. Additionally, Oracle raised its total revenue outlook to $90 billion, which has bolstered investor confidence in the tech sector. The company’s remaining performance obligations (RPO) also saw a substantial increase, rising to $553 billion from $130 billion a year ago.

Technical Indicators

As the Nasdaq continues to trade below the volume-weighted average price (VWAP) at $250.97, analysts are closely monitoring key technical indicators. The 200-hour moving average has emerged as an important resistance level for the Nasdaq, while the point of control (POC) is around 24,800, indicating significant trading activity at that price level. The key support level for Nasdaq futures is identified at 24,853, which could be crucial for maintaining bullish momentum.

Market Sentiment

The overall market sentiment has shown signs of recovery despite previous bearish trends. Analysts noted, “The bearish tilt was real, but thanks to Oracle’s cloud muscle and some geopolitical hopium, the ‘fakie’ is currently in full effect.” This suggests that positive earnings reports can mitigate some of the negative sentiment stemming from broader market volatility.

Looking ahead, if the Nasdaq can hold above the 20-day exponential moving average (EMA) near 25,050, it could provide support for bullish traders. An analyst remarked, “If Nasdaq continues to hold above the EMA 20 and the POC, a move toward 25,650 becomes increasingly realistic.” However, the market remains sensitive to geopolitical events and economic data releases, which could influence future movements.

Current Challenges

Despite the positive developments, challenges remain. The market experienced a sharp sell-off during a recent shakeout tied to oil-price volatility, although this weakness did not persist for long. As long as the price remains below the 100-hour moving average, sellers maintain a near-term technical advantage, indicating that caution is warranted among investors.

As of now, the Nasdaq’s performance reflects a complex interplay of earnings reports, technical levels, and broader market sentiment. Details remain unconfirmed regarding the impact of geopolitical events on market sentiment, and the future direction of the Nasdaq will likely depend on upcoming economic data releases. Investors are advised to stay vigilant as the market continues to evolve.

The post Nasdaq live: Market Update on March 10, 2026 appeared first on newsrush.