Oracle Lays Off 12,000 in India; More Cuts Likely Soon
NEW DELHI: US-based IT firm Oracle is believed to have laid off around 12,000 staff in India, with a fresh round of layoffs expected within a month, affected employees said on Tuesday.
The company laid off nearly 30,000 employees worldwide.
“About 12,000 employees have been laid off in India. The company is planning another mass layoff within a month,” said two people affected by the layoffs, including someone from the company’s human resources department.
The company has around 30,000 employees in India, including those affected by the layoffs.
Oracle declined to comment on the development.
In an email to staff, Oracle said employees had been informed of certain organizational changes and that “due to these changes, a decision has been made to streamline operations and as a result, unfortunately, the position you currently hold will become redundant.”
The company has offered 15 days’ salary to every employee who completes one year of service in India, along with one month’s pay outstanding till the date of termination, leave allowance, gratuity subject to availability and one month’s notice period.
Oracle also offered an additional two months’ salary.
However, a severance package is available for those who voluntarily and amicably resign from the company.
Merugu Sridhar, a former employee of Oracle, said he was fired in September for protesting the 16-hour shift the company had in India.
“I contacted my friends and people in human resources. They said that most of the Indians working in the company in the US are affected because the local laws there are very strict on firing citizens,” said Sridhar.
