Oracle Lays Off 12,000 in India 'More Cuts Likely Soon'

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”.