Oracle lays off around 12,000 employees in India, another round likely within a month
An ex-employee of Oracle said that he was laid off in September for protesting against the 16-hour work shift that the company has in India.
PTI
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Globally, Oracle has fired around 30,000 employees (AI)
New Delhi, 31 Mar
US-based IT firm Oracle is believed to have laid off approximately 12,000
staff in India, with another round of layoffs expected within a month, impacted
employees said on Tuesday.
Globally, the company has fired around 30,000 employees.
"In India, around 12,000 employees have been laid off. The company
is planning another mass layoff within a month," said two people impacted
by the retrenchment, including one from the company's human resource
department.
The company has approximately 30,000 employees in India, including those
affected by the layoffs.
Oracle declined to comment on the development.
Oracle, in an email sent to staff, said the employees were informed about
certain organisational changes and "because of these changes, a decision
has been taken to streamline the operations, and as a result, unfortunately,
the position you currently hold will become redundant".
The company has offered 15 days' salary to each employee who has
completed a year of service in India, in addition to one month of unpaid wages
till termination date, leave encashment, gratuity based on eligibility and pay
for a one-month notice period.
Oracle has also offered a two-month salary as a top-up.
However, the severance package is available for those who voluntarily and
amicably resign from the company.
An ex-employee of Oracle, Merugu Sridhar, said that he was laid off in
September for protesting against the 16-hour work shift that the company has in
India.
"I contacted my friends and those who are in human resources. They
shared that most of the Indians working in the US with the company have been
impacted because the local laws there are very strict when it comes to the
retrenchment of their citizens," Sridhar said.
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Naritya Tewari
Large-scale layoffs are a reminder that even established companies must constantly reassess their priorities, costs, and long-term business direction. Reports of significant job cuts at a major technology company raise important questions about workforce planning and how organisations adapt during periods of change. While restructuring may reflect shifting business priorities, the human impact on employees and their families deserves equal attention. For growing businesses, this also highlights the importance of building sustainable operations, managing expenses carefully, and making strategic decisions before financial pressure becomes difficult to address. At RaiseMoney Ventures, we recognizse that sustainable growth is not just about expansion; it is also about creating strong business foundations that can withstand uncertainty. A timely reminder that long-term resilience requires both strategic planning and thoughtful leadership.
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