The shadow crisis on festivals again, now this big tech company told employees before Diwali, Tata:

News India Live, Digital Desk: On the one hand, while the whole country was busy preparing for Diwali, on the other hand a heartbreaking news came out of the technology sector. The well-known tech company Oracle has fired hundreds of its employees. This news came at a time when reports of a similar retrenchment came out from TCS a few days ago, which eclipsed the happiness of many families in the festive season.

According to reports, Orrakal called some of his employees for a normal meeting and then suddenly he was told that this is his last day in the company. Employees were shocked and upset by this unexpected decision. Going a job just before a big festival like Diwali is like a big shock for anyone.

Why is this trimmed?

This pruning is considered part of a large restructuring scheme of Orchael. The company is raising its business rapidly towards automation and artificial intelligence (AI). Due to this, the company has to make major changes in its workforce as well. The job rolls that are no longer relevant or which can be done easily with the help of AI are being eliminated.

The focus of the company is now more on cloud computing and AI based services, due to which people associated with old and traditional technology are in danger of losing jobs.

What for employees next?

Oralak has said to give a few weeks of salary and other benefits to the employees fired from the job. But facing uncertainty and economic pressure arising out of sudden jobs in the festive season will be a big challenge for these employees.

This incident once again shows how fast the change in the technology industry is happening. While AI and automation are creating new possibilities on one side, on the other hand they are also becoming a big threat to the employment of many people. At such a time, it has become very important for employees to keep updating their skills continuously and learning new technology.

This is not just the story of Orackal or TCS, but the entire tech industry is going through a big change at this time, which is directly affecting the people working there.