๐ Oracle cutting 3k jobs in India amidst tech shifts
Oracle has reportedly begun another round of layoffs globally, potentially affecting around 3,000 employees in India. The company, based in India, had previously cut 21,000 jobs this year as it pivoted towards AI infrastructure. These cuts could reduce Oracle's India workforce to about 27,000, even with expected 9-10% growth in GCC hiring. This trend mirrors reductions at other GCCs like Visa and PayPal, signaling a wider industry shift. The focus is moving towards specialized AI and analytics talent, despite current talent supply challenges.