Oracle’s mass layoffs impacting 30,000 employees globally, including 12,000 in India, come with a severance package offering about six months’ salary for some staff. However, employees must voluntarily resign and sign separation agreements to receive full benefits. Reports say failure to accept terms could lead to loss of severance payouts.
In what is being described as one of the largest job cuts in India's tech sector, Oracle laid off an estimated 30,000 employees globally representing roughly 18 percent of its total global workforce of around 162,000 people. India was hit the hardest, with approximately 12,000 employees cut from Oracle's operations there.
The layoffs affected different teams including cloud, enterprise, engineering, product and operations, with reports suggesting certain teams faced more impact. India operations saw cuts across development centres and support roles.
Oracle layoffs: Here's how much Indian employees got as severence
Oracle has not officially confirmed the severance details, but employees at Oracle's India Development Centre in Bengaluru have shared what they claim are details of the packages received on forums including Reddit.
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