There's bad news for Oracle employees. The company is once again laying off employees, which will impact employees worldwide, including those in India. According to reports, the company could lay off approximately 10,000 people.
Oracle is facing another round of layoffs
Oracle is once again preparing for a major layoff, which will impact employees worldwide, including India. While the company hasn't yet shared any official details, several reports suggest the company is looking to reduce costs. The previous layoffs at Oracle had generated considerable discussion, with many people sharing their experiences through posts on social media.
According to the latest information, Oracle has announced budget reductions for its teams, causing widespread concern. Previously, several changes were made to teams and roles, but this time, something major may be happening.
No official information has been shared regarding the number of people Oracle will lay off. However, several reports claim that the company could lay off approximately 7,000 to 10,000 employees worldwide. There is currently no information on the number of Indians affected by Oracle's layoffs.
There has been a layoff once in May
On May 31st, the company laid off approximately 13% of its total workforce. The company has a total employee strength of approximately 141,000, and approximately 21,000 people were laid off on May 31st.
What does Oracle do?
Oracle Corporation is a US-based international technology company whose primary focus is providing cloud, database, and business software to other companies and large institutions. Oracle operates in India and employs several thousand people here.
