"Thousands of Oracle employees in India have received layoff notices as part of what the company described as a 'reduction in force and other terminations.' Indian outlets said between 10,000 and 12,000 employees in the country could be affected."
"The layoffs come as the company ramps up spending on artificial intelligence infrastructure to compete with cloud rivals such as Alphabet and Amazon."
Oracle is implementing layoffs affecting between 10,000 and 12,000 employees in India as part of a global reduction in force. The company has approximately 162,000 full-time employees worldwide. The layoffs coincide with Oracle's increased investment in artificial intelligence infrastructure to enhance its competitive position against cloud rivals like Alphabet and Amazon. Reports indicate a significant rise in social media posts from affected Indian tech workers seeking new job opportunities following the layoffs.
Read at www.dw.com
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