Oracle lays off around 12,000 employees in India, another round likely within a month

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.

The company has approximately 30,000 employees in India, including those affected by the layoffs.