Oracle Announces Monumental Layoffs, Slashing 30,000 Jobs Globally
Oracle has announced its largest wave of layoffs, cutting 30,000 jobs worldwide, with 12,000 affected in India alone. Severance packages are causing a stir due to regional disparities and perceived lack of generosity when compared to industry standards. In the US, employees may receive up to 26 weeks of pay, while Indian staff face more conditional offers. The tech giant's abrupt move has sparked widespread criticism from employees and the public alike.
Apr 7