Oracle layoffs deepen in India as AI bet falters

Layoffs at Oracle Corporation continued for a second day in India, with fresh rounds underway at its key subsidiaries, including Oracle India and Oracle Financial Services Software, even as the company moves to aggressively cut costs amid delays and pressures linked to its artificial intelligence push.

People familiar with the matter said the scale of the global layoffs will be higher than 30,000, with India already accounting for around 12,000 impacted employees. Another round of cuts initiated on Wednesday at Oracle Financial Services is expected to push the India tally higher, with the process likely to continue over the coming weeks.