Oracle set to trim global workforce by up to 10,000 roles amid cost-cutting efforts

Technology major Oracle is reportedly preparing for a new round of workforce reductions that could affect thousands of workers worldwide, including a significant portion of its workforce in India. The potential job cuts stem from company-wide efforts to lower operational costs across multiple business units and functions.

Key Highlights of the Potential Layoffs

• Scope and Scale: Unlike previous targeted restructurings, the planned action is expected to be broad-based, driven by budget-reduction directives given to team leaders. Internal employee estimates suggest global job losses could range between 7,000 and 10,000 roles.
• Impact on India Operations: As home to major engineering, cloud development, and support hubs, Oracle’s Indian workforce is expected to face substantial exposure, though exact figures remain unconfirmed.
• Timeline and Seniority: Dispatched communications suggest actions could occur in mid-September, with September 15 noted as a likely target date. Senior employees and those in higher salary tiers are reportedly experiencing heightened vulnerability.
• Shift to AI and Cloud: The cost-reduction initiative comes as Oracle redirects heavy capital expenditure toward cloud infrastructure and artificial intelligence capabilities while trimming underperforming or higher-cost segments.
• Prior Reductions: In the 12-month period ending May 31, Oracle officially reported cutting 21,000 positions (approximately 13% of its global headcount), though external trackers estimate total historical impacts closer to 30,000 roles.

Oracle has not issued an official public statement or confirmed the reports.