The Economic Times

Oracle Layoffs: Thousands being fired via email without warninghere's what lead to the global restructuring

Oracle has initiated widespread job cuts across its global offices. Employees in the US, India, and other regions received termination emails without prior notice. These layoffs are reportedly to fund Oracle's significant investment in AI data centers. Affected teams include RHS, SVOS, and NetSuite's India Development Centre. Severance packages are offered upon signing termination documents.