Tech giant Oracle has reportedly started laying off over 100 employees in its India operations last week, as part of a broader organisational restructuring.
According to The Economic Times report, sources familiar with the matter indicate that the move is tied to Oracle’s increased focus on artificial intelligence and its ongoing efforts to streamline operations and enhance overall efficiency. While the initial number of impacted employees is said to be around 100, sources claim in the report that the actual figure could be several hundred, spanning departments including Oracle Cloud. In a termination letter sent to employees and reviewed by The Economic Times, Oracle stated: “Because of these changes, the decision has been taken to streamline the operations, and as a result, the position you currently hold will become redundant.” Oracle India is yet to issue an official response. Compensation Offers And Exit Terms Oracle is offering affected employees 15 days' salary for every year of completed service, along with medical insurance coverage for up to one year. Some employees, including those with long tenures of 15–20 years, were granted "garden leave", giving them a month to transition, states the report. However, not all exits were equally smooth. A source, speaking to ET, confirmed that: “We were told that these exits were not performance related but due to the technological shift, with AI coming in and the company looking to cut costs.” Despite the layoffs, Oracle India has yet to issue an official statement or respond to media queries at the time of publishing. Wave Of Layoffs Hits Tech Sector These Indian job cuts are part of a wider global reduction by Oracle. Last week, reports surfaced that over 3,000 employees worldwide were laid off. The company joins the growing list of tech majors like Microsoft, Meta, and Salesforce, all of which have announced significant workforce reductions in recent months. As per the report, Oracle employs nearly 30,000 professionals in India, and reported revenues of Rs 20,459 crore for the fiscal year ending March 2024, a 20 per cent jump from the previous year.
