Big layoffs in Oracle, more than 12000 Indian professionals unemployed overnight; There was a stir in the tech world

Oracle Layoff: Big news has come out regarding the leading American IT company Oracle. According to reports, the company has fired about 12000 employees in India. Along with this, the possibility of another large scale layoff in the coming month is being expressed. Of the people laid off by the company worldwide, the number of Indian employees is said to be more than 40 percent.

Let us tell you that globally the company has laid off about 30,000 employees. This information has been confirmed by the employees affected by the layoff themselves. The total number of Oracle employees in India is said to be around 30000, out of which a large number of employees have been affected by this decision. However, the company has refused to say anything officially on this matter.

What about employees after layoffs from Oracle?

In the email sent by the company to the employees, it has been informed that some important changes are being made in the organization, due to which it has been decided to make the operations even easier. Due to this change, many positions in the company are being eliminated, which has affected the jobs of the employees. A severance package has also been announced for the employees after the retrenchment.

These benefits along with 15 days salary

Under this, 15 days salary will be given to employees who have completed one year of service. Apart from this, salary till the termination date, leave encashment, gratuity as per eligibility and one month’s leave. notice period Salary is also included. The company has also proposed to give an additional two months’ salary, but this package is only for those employees who resign with mutual consent.

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Big concern for IT sector globally

Meanwhile, Merugu Sridhar, a former employee of the company, claimed that he has already been fired from the job. He told that due to strict labor laws in America, compared to local employees there Indian employees But it has had a greater impact. Overall, this layoff by Oracle is becoming a matter of big concern not only for the IT sector in India but globally.