Oracle Cuts 18% Global Workforce, 12,000 Jobs Hit in India
Oracle executed its largest redundancy program in history, laying off approximately 12,000 employees in India as part of an 18% global workforce reduction affecting 20,000-30,000 workers worldwide.
Key Points
- Oracle cutting 18% of global workforce, affecting 20,000-30,000 employees worldwide
- Approximately 12,000 jobs affected in India, making it one of the hardest-hit regions
- Revenue and Health Sciences divisions lost about 30% of staff each
- Severance package offers 15 days' salary per completed year of service in India
- Multiple US banks have withdrawn from financing certain Oracle data centre projects
Full Details
Oracle has announced a massive workforce reduction affecting roughly 18% of its global workforce of approximately 162,000 employees, according to estimates by investment bank TD Cowen. The cuts, which impacted employees in the United States, India, Canada, and Mexico, were delivered via termination emails sent shortly after 6 am local time. India bore a significant portion of the impact with approximately 12,000 job losses, particularly affecting Oracle's Revenue and Health Sciences divisions, which lost about 30% of staff each, as well as NetSuite's India Development Centre. The company has proposed a severance package for Indian employees that includes 15 days' salary for every completed year of service. Multiple US banks have reportedly stepped back from financing certain data centre projects, highlighting concerns about Oracle's strategic pivot toward AI infrastructure at the expense of human capital.
Why It Matters
This represents one of the largest tech layoffs in Indian history and signals a concerning trend of major tech companies prioritizing AI infrastructure investments over human capital. The displacement of experienced Oracle employees could create significant talent availability in the Indian job market, potentially benefiting competing tech firms.
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