Oracle has started large-scale layoffs, moreover the company removed around 30,000 employees globally, additionally Indian employees formed more than 40 percent of affected workforce, therefore the impact appeared significant in India
India Faces Heavy Impact
Meanwhile, reports stated that Oracle removed nearly 12,000 employees in India, moreover total workforce in India stands around 30,000, additionally a large portion faced job loss, therefore concerns among employees increased rapidly
Company Yet To Respond Officially
Furthermore, affected employees confirmed these layoffs, moreover the company has not issued any official statement, additionally uncertainty still surrounds internal decisions, therefore speculation about future layoffs continues
More Layoffs Expected Soon
Additionally, reports suggested further job cuts within one month, moreover employees fear another wave of layoffs, additionally this possibility has created anxiety, therefore job security concerns have intensified
Why Did Oracle Cut Jobs
Meanwhile, company emails explained internal restructuring plans, moreover management aims to simplify operations, additionally several roles no longer fit new structure, therefore the company decided to eliminate those positions
Severance Package Details
Furthermore, Oracle announced severance benefits for affected staff, moreover employees with one year service receive 15 days salary, additionally they will get salary until termination date, therefore compensation includes leave encashment and gratuity
Additionally, the package includes one month notice salary, moreover the company also offered two extra months salary, additionally this benefit applies to employees choosing mutual separation, therefore terms vary based on agreement
Indian Employees Face Bigger Impact
Meanwhile, former employee Merugu Sridhar shared his experience, moreover he claimed that layoffs affected him earlier, additionally he highlighted stricter labour laws in the United States, therefore Indian employees faced larger impact
Growing Concern For IT Sector
Finally, Oracle’s layoffs have raised broader concerns, moreover this development affects both India and global markets, additionally the IT sector now faces uncertainty, therefore industry observers remain cautious
