Oracle is reportedly preparing for a new round of layoffs that could affect thousands of employees in India and across its global operations. The potential job cuts are expected to be broad-based rather than limited to specific business units, as the company seeks to reduce costs across multiple functions.
While the exact scale of the reduction remains unconfirmed, internal estimates suggest that between 7,000 and 10,000 employees could be impacted globally. The company has instructed teams to lower their overall budgets, leading to significant uncertainty among staff regarding the timing and scope of the exercise, with potential actions discussed for mid-September.
This development follows a period of significant workforce reduction for the technology major, which previously reported cutting 21,000 jobs in the year ending May 31. Oracle has not publicly announced these latest plans and did not respond to requests for comment regarding the potential impact on its workforce.
