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Oracle cuts thousands of jobs globally, including about 12,000 in India, as part of a restructuring effort.
Oracle has laid off thousands of employees globally, including approximately 12,000 in India, as part of a broader restructuring effort.
Severance packages vary by region, with U.S. employees receiving four weeks of base salary plus one week per year of service, capped at 26 weeks.
In India, reports indicate employees receive 15 days of salary per year of service, plus an ex-gratia bonus of two months' salary, leave encashment, and gratuity, though Oracle has not issued an official statement confirming the number of layoffs or exact terms.
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Oracle recorta miles de empleos a nivel mundial, incluidos unos 12.000 en la India, como parte de un esfuerzo de reestructuración.