Layoff
Layoff alert: Oracle cuts 30,000 jobs globally, 12,000 hit in India
Austin/IBNS: Oracle has reportedly slashed around 30,000 jobs globally, including nearly 12,000 in India, in a sweeping round of layoffs, media reports said.
Employees across teams said they received termination emails as early as 5–6 am, informing them that their roles had been eliminated.
Oracle has an estimated workforce of about 30,000 in India, including those affected by the latest cuts. Reports suggest the company may undertake another round of layoffs soon.
In its communication to employees, Oracle said the positions had become redundant due to operational streamlining. The company added that staff had been informed earlier about organisational changes.
The severance package includes 15 days’ salary for each completed year of service, one month’s pay till the termination date, leave encashment, gratuity (as applicable), and one month’s notice pay.
A two-month top-up salary has also been offered, but only to employees who opt for voluntary resignation.
Earlier reports indicated the layoffs are part of a broader cost-cutting exercise as Oracle looks to free up $8–$10 billion in cash flow.
The move is linked to its massive investment push into AI-focused data centres, many of which are expected to support computing needs of OpenAI, led by Sam Altman.
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