Oracle has announced significant layoffs, with around 12,000 employees affected in India alone. This move reflects a broader trend in the tech industry.
Oracle has made significant job cuts across markets, with global layoffs expected to touch 30,000 employees. In India, around 12,000 employees are believed to have been laid off, marking a nearly 50 percent reduction in the company’s workforce in the region.
The layoffs span a wide range of roles, including engineers, architects, programme managers, and operations leaders. According to senior manager Michael Shepherd, “The layoffs were not performance based,” indicating that the cuts are part of a broader strategic shift rather than individual employee evaluations.
Oracle’s job cuts reflect a wider pattern across the technology sector amid rising AI adoption. Mike Sicilia, another Oracle executive, noted that “AI tools are enabling smaller teams to deliver more output, reducing the need for large engineering groups.” This shift is indicative of how companies are adapting to new technologies.
In terms of severance, the package for laid-off employees in India includes 15 days’ salary for each year of service, notice pay, leave encashment, gratuity where applicable, and an additional two-month salary top-up.
Oracle’s total debt has crossed $100 billion following $58 billion in new issuances tied to data center investments. The company is also part of the $500 billion Stargate initiative, aimed at building data center capacity to support future AI workloads.
Oracle has committed $2 billion in Germany and $8 billion in Japan toward AI and cloud expansion, showcasing its ongoing investment in technology despite the layoffs.
Details remain unconfirmed regarding further layoffs in India, which are expected within weeks, and the exact impact on Indian workers in overseas roles is still unclear.
