US-based tech giant Oracle has reportedly laid off nearly 12,000 employees in India as part of a major restructuring exercise, with another round of job cuts expected in the coming weeks. The development, based on inputs from affected employees, marks one of the largest workforce reductions by the company in its Indian operations.
According to reports, the layoffs are part of organisational changes aimed at streamlining operations, with employees being informed that their roles had become redundant. Globally, the company is estimated to have cut around 30,000 jobs, reflecting a broader restructuring strategy across markets.
The company has offered a severance package that includes 15 days’ salary for each year of service, along with one month of unpaid wages until the termination date, leave encashment, gratuity based on eligibility, and a notice period payout. Additionally, a two-month salary top-up has been proposed, although this is subject to employees opting for voluntary separation.
Employees said that further layoffs could take place within a month, raising concerns about job security across the company’s India workforce. Oracle has not officially commented on the development.
The move comes amid a wider trend in the global technology sector, where companies are restructuring operations and reallocating resources towards artificial intelligence and data infrastructure, often leading to large-scale job cuts.
