Oracle has reportedly begun layoffs in India, weeks after reports surfaced that the company planned to trim about 10% of its workforce across India, Canada, and the US.
In India, the affected employees are being offered severance of 15 days’ salary for each year of service, along with continued insurance benefits for up to a year. Media reports suggest that at least 100 employees have been let go so far, primarily from the Oracle Cloud Infrastructure (OCI) and Oracle Financial Services Software (OFSS) teams.
According to sources, the company attributed the cuts to efforts to streamline operations, eliminate redundancies, and sharpen its focus on artificial intelligence (AI). Insiders told ET that the layoffs were unrelated to employee performance.
The move comes shortly after Oracle struck a deal with OpenAI, allowing the latter to use Oracle’s facilities and systems under the ‘Stargate’ project for large-scale data processing. However, some employees expressed disappointment over the abrupt manner in which the layoffs were carried out, including the sudden termination of access to company systems.
Globally, Oracle is under pressure to reduce costs and realign priorities, with AI emerging as a central focus of its growth strategy.
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