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Oracle cuts thousands of jobs worldwide
New Delhi: US IT giant Oracle has initiated a massive global workforce reduction, impacting approximately 30,000 employees worldwide. In India alone, around 12,000 employees have been laid off. Reports suggest that a second round of layoffs may follow in the coming month.
The affected employees were notified abruptly via email, which stated that their roles had been eliminated and that the day of the email would be their final working day. The move has sent shockwaves across the tech industry.
According to the company, these layoffs are part of a broader organizational restructuring and cost-cutting strategy, aimed at aligning resources with current business requirements. Employees affected in India have reportedly received severance packages, which include 15 days’ salary for each year of service, payment in lieu of notice, and additional benefits.
Layoff Notification Details
The official email informed employees:
"We are sharing some difficult news regarding your position. In light of the company's business requirements, your role is being eliminated. Today is your final workday."
The company also expressed appreciation for employees’ contributions while informing them of the immediate termination.
Compensation and Next Steps
Employees are required to sign certain documents to receive their severance packages, and further details will be shared via personal email.
Immediate Access Revocation
System access-including computers, email accounts, files, and other digital resources-has been revoked immediately. Employees were instructed not to download or copy any confidential information.
Employee Reactions
The sudden layoffs and immediate loss of system access have created widespread fear and uncertainty. Many employees shared their experiences on social media, reporting that they are now forced to search for new opportunities. Layoffs are reportedly being implemented in phases across different countries, adding to confusion and anxiety.
Global Tech Industry Context
These layoffs at Oracle come amid growing pressure on tech companies to reduce costs. Similar workforce reductions have been reported by other major tech firms, reflecting persistent instability within the sector. Analysts note that such layoffs contribute to employee insecurity and can have ripple effects throughout the industry.
The news has quickly gone viral, highlighting the significant impact on employees and the broader tech ecosystem.
