IT giant Oracle lays off 12,000 employees in India, causing turmoil in the tech sector amid fears of a second round of layoffs next month
New Delhi, April 1 — Oracle, the American IT giant, has significantly reduced its workforce in the Indian market by laying off nearly 12,000 employees. Globally, the company has laid off around 30,000 employees so far, but the impact in India has been the most extensive. In official emails sent to affected employees, the company cited 'organizational changes' and 'streamlining operations' as the main reasons for the layoffs. With a strong base of approximately 30,000 employees in India, this sudden decision has directly affected one-third of the company's workforce in the country.
As per agency report, the company has announced a severance package for the affected employees, but it is subject to several stringent conditions. The package includes 15 days of pay for each year of service, notice period pay, leave encashment, and gratuity. Additionally, a 'top-up' offer of two months' salary is available, but this benefit will only be granted to those employees who agree to resign voluntarily without any opposition. Meanwhile, serious questions are being raised about the company's work culture. Some former employees have alleged that punitive actions were taken against those who opposed 16-hour long work shifts, leading to significant employee dissatisfaction.
Experts in the IT sector believe that this round of layoffs at Oracle is not over yet, and there is a strong likelihood of a second round of cuts within the next month. The impact of these layoffs is being felt not only in India but also among Indian-origin IT professionals working in the United States. According to sources, it has been easier for the company to lay off Indians working on foreign visas due to local laws. Currently, Oracle has refused to make any official comments on future plans, but this move has created an atmosphere of uncertainty in the Indian IT market, which may increase pressure on other companies in the coming weeks.
