Oracle has laid off approximately 12,000 employees in India as part of a global reduction of 30,000 jobs, with the impacted workforce representing nearly 40% of the company's total headcount in the country.
According to sources within the company, including an HR department employee, another round of mass layoffs is planned within the next month, adding to the uncertainty for remaining staff.
Affected employees were informed via email that their positions had become "redundant" due to organizational changes aimed at streamlining operations.