Oracle Layoffs: Tech giant Oracle has started one of the biggest layoffs in its history, with the number expected to be as many as 30,000 employees worldwide.
Interestingly, the layoffs come with a strict condition: workers must complete the paperwork sent via DocuSign before receiving any severance benefits. In simple words: no signature, no payout. The company has yet to issue an official public statement addressing either the layoffs or the terms attached to severance. The notification process appears to have been abrupt and impersonal. The emails, which were sent under the banner of "Oracle Leadership" arrived early Tuesday morning at around 6 am IST in India and 3 am Pacific Time in the United States. Employees reportedly received no heads-up, HR discussion, or direct communication from their managers. The message informed them that their positions had been eliminated as part of a "broader organisational change," and that the same day would mark their final working day. Additionally, many also lost access to internal systems almost immediately after reading the email. In India, 12,000 employees are expected to lose their jobs at Oracle as part of the recent layoffs. Severance Packages Vary Across Regions For employees based in the US, Oracle is offering a severance structure that includes four weeks of base pay for the first year of service, along with an additional week for each subsequent year, capped at 26 weeks. Eligibility for a full year requires at least six months of work during that period. Adjustments may also be made in states where WARN Act provisions apply. In India, the expected payout follows the N+2 model, where employees receive compensation equivalent to their years of service plus two additional months. However, unvested RSUs will not be honoured and are forfeited entirely. Oracle’s severance offering appears less generous compared to recent layoffs across the tech sector. Companies like Block, Inc. and Meta Platforms have provided more extensive packages, including longer salary coverage, healthcare benefits, and additional financial support. Oracle’s plan, by contrast, does not currently indicate any extended healthcare coverage or extra perks. AI Expansion Driving Cost-Cutting Measures The scale of these layoffs is closely tied to Oracle’s aggressive investment in artificial intelligence infrastructure. According to estimates by TD Cowen, workforce reductions could impact between 20,000 and 30,000 employees, nearly 18 per cent of the company’s global headcount.
