Oracle Lays Off 12,000 Employees In India, Another Round Likely: Report
Washington: US-based technology major Oracle has reportedly cut approximately 12,000 positions in India as part of a broader global workforce reduction that has seen around 30,000 employees let go worldwide. With nearly 30,000 staff based in the country, the latest job cuts represent a significant portion of its Indian operations, according to accounts from affected workers.
Two individuals impacted by the retrenchment, including one from Oracle’s human resources department, told news agency PTI that roughly 12,000 employees in India have already been laid off, with the company planning another round of mass layoffs within the next month.
The firm had notified staff about organisational changes aimed at streamlining operations, which resulted in certain roles becoming redundant. Oracle has so far declined to comment officially on the development.
One former employee, Merugu Sridhar, revealed he was dismissed in September after protesting against the company’s 16-hour work shift policy in India. He further noted that many Indian nationals working for Oracle in the United States were also affected, citing stricter local labour laws there that make it harder to retrench American citizens.
Severance terms offered to eligible employees in India include 15 days’ salary for each completed year of service, along with one month’s unpaid wages until the termination date, leave encashment, gratuity where applicable, and pay for the one-month notice period. The company has additionally provided a two-month salary top-up. These benefits are extended to those who voluntarily and amicably resign.
The layoffs form part of Oracle’s ongoing efforts to restructure amid global industry shifts, though the company has not publicly detailed the strategic reasons behind the cuts.
This development adds to the wave of job reductions seen across the technology sector in recent times, highlighting continued cost optimisation measures by major IT firms.
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