Shark Tank India judge Anupam Mittal on Oracle layoffs: The 12,000 were not cut because the ship sank. They were because…

Shaadi.com Shark Tank India founder and judge Anupam Mittal also shared his thoughts on the recent mass layoffs and revocation of offer letters by Oracle in India. In a lengthy LinkedIn post, Mittal said this was a sign of the company’s move to automation rather than financial distress.Looking back at his own layoffs during the dot-com crash in 2001, Mittal noted that jobs were cut to save struggling companies. In contrast, Oracle’s sales and inventory increased in 2026. “The 12,000 wasn’t cut because the ship sank. It was cut because the ship is learning to sail itself,” he wrote. Mittal also criticized the advice circulating in tech circles that…