Oracle To Face Fresh Round Of Layoffs This Month; Thousands Of Indian Employees To Be Affected
Oracle could be on the verge of another round of workforce cuts in India, with employees bracing for job losses that could land anywhere between the beginning and middle of September, even as the technology giant works to trim payroll costs while continuing to pour billions of dollars into AI infrastructure. September 1 had initially been flagged as the date to watch, but according to a…
Oracle is reportedly preparing for another round of workforce reductions in India, with employees anticipating job losses to occur sometime between early and mid-September. This news comes as the technology giant continues to invest billions of dollars into AI infrastructure while also seeking to reduce payroll costs. Initial speculation had pointed to September 1 as the date for the layoffs, but recent company discussions now suggest September 15 as a more likely time frame.
Oracle is expected to cut around 2,000 to 3,000 employees in India, a significant reduction given that the company currently employs approximately 30,000 people in the country. This would bring the total number of layoffs in India to roughly 2,000-3,000, following an earlier round of cuts that affected about 12,000 Oracle employees in the nation.
The potential layoffs have been a topic of concern among Oracle employees since an internal document was leaked online last month. The leaked document revealed that Oracle had asked managers to compile lists of employees who could be affected by the upcoming cuts, with some teams potentially facing reductions of up to double-digit percentages.
Employees on social media platforms have suggested that the fear of early-morning layoff notifications is coming from within the company rather than any official Oracle communication.
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