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

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NEW DELHI: 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.

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