New Delhi, September 15(APAC media): Oracle has started a fresh round of layoffs in India.
Employees across teams have received termination notices as the technology company continues a global cost-cutting exercise, according to sources. The latest cuts began in the US on September 14 and have since reached India, with product engineering appearing to face the biggest impact.
Support and consulting functions have seen fewer cuts so far. Some senior employees from Oracle Financial Services Software (OFSS) global teams have also been affected, although OFSS teams in India have not reported layoffs in the current round.
The exact number of employees affected in India remains unclear. Earlier estimates suggested that nearly 3,000 employees could be impacted. Sources also said Oracle’s global headcount may have fallen by around 5,000 to 6,000 employees over the weekend, although the number could change as the process continues.
More Layoffs Could Follow
Employees have been discussing the job cuts on internal Slack channels, but the discussions have not established a confirmed figure. Sources said further layoffs could take place as Oracle carries out the exercise in phases.
The timing has also added to employee concerns. Some employees reportedly continued regular work shortly before receiving termination notices.
Oracle Cuts Workforce While Investing In AI
The latest layoffs come as Oracle continues to increase spending on cloud infrastructure and artificial intelligence while restructuring its workforce.
Oracle had earlier disclosed that it reduced its workforce by about 21,000 employees in the 12 months ended May 31, bringing its global headcount to around 141,000. External estimates have put the overall number of job cuts higher.
In termination communications, Oracle described the layoffs as part of a broader organisational change linked to current business needs. Affected employees were informed of their last working day and severance eligibility under the company’s severance plan.
