BENGALURU: Oracle has laid off employees across multiple countries, including India, over the past couple of days. The news publication The Information reported that Oracle plans to cut costs by up to $1 billion that could result in thousands of layoffs.
Oracle counts India as their largest delivery centre outside the US, employing close to 40,000 people. An email sent to Oracle India seeking a response on the layoffs, did not elicit a response till the time of going to the press.
In July, The Information reported that the proposed job cuts “could disproportionately impact US- and Europe-based workers in units such as marketing for software applications that automate customer service and ecommerce functions.”
Many job boards, online layoff trackers and social media were abuzz with developments on the layoffs. Vamshi Krishna, principal software development engineer at Oracle’s Hyderabad centre, said in a LinkedIn post on Tuesday that he was “unfortunately impacted by the organisational restructuring and widespread layoffs at Oracle Marketing Cloud.” He said over the past over six years, he had been able to “learn and grow within my role and cultivate incredible relationships amongst my colleagues, managers, and customers.” He requested those who have opportunities to reach out to him.
Reena M, a former senior director of sales in Oracle in North America, had this post on LinkedIn: “Unfortunately, after 23 years, I was a part of the #layoffs today at #oracle among many of my talented colleagues. I’m planning to take a few weeks this summer to recharge, and after that, I will explore…”