Tech giant Oracle Corporation has reportedly laid off around 12,000 employees inIndia, with another wave of job cuts expected within the next month, sources familiar with the matter told Moneycontrol.
Globally, the company is estimated to have reduced its workforce by roughly 30,000 positions.
Oracle employs about 30,000 people in India, meaning a significant portion of its local staff has been affected. The company has not issued an official comment on the layoffs.
According to the report, an internal email sent to employees outlined the organisational changes, citing efforts to streamline operations as the reason for making certain roles redundant. The communication stated: “After careful consideration of Oracle’s current business needs, we have decided to eliminate your role as part of a broader organisational change. As a result, today is your last working day.”
The email also provided details on the severance package, which includes 15 days’ pay for each completed year of service, one month’s unpaid wages up to the termination date, leave encashment, gratuity where applicable, and one month’s notice pay. In addition, a two-month salary top-up has been offered. These benefits are available only for employees who agree to a voluntary and amicable separation.
Employees were instructed to provide personal email addresses to receive separation documents and warned that access to company systems, including computers, emails, and files, would soon be revoked.
The announcement follows a series of high-profile layoffs in the US tech sector. Meta recently laid off hundreds of staff, while Amazon had earlier cut approximately 16,000 corporate positions after previously reducing 14,000 roles.
Reactions to Oracle’s layoffs have surfaced online, particularly on Reddit and professional networking platform Blind, with employees noting that the cuts are being rolled out in phases across different regions.
Former employee Merugu Sridhar, who was let go in September after raising concerns about extended working hours, said that employees in India, as well as Indian staff in the US, have been impacted, partly due to stricter labour regulations abroad.
The layoffs come as Oracle ramps up investment in data centre infrastructure to support artificial intelligence workloads, while maintaining its focus on its core database business. In September, the company reported a 359 per cent jump in remaining performance obligations to 455 billion dollars following a major deal with OpenAI valued at over 300 billion dollars. Recently, Oracle also expanded its leadership team with Mike Sicilia and Clay Magouyrk taking on new roles alongside CEO Safra Catz.