business π Oracle slashes Indian workforce again, Bangalore braces
Oracle is initiating another round of budget cuts across its organization, targeting staff in Bangalore and Hyderabad. This follows a massive layoff in April, which eliminated 40% of the workforce at the company's India offices. The current horizontal sweep could potentially impact 7,000 to 10,000 global roles, with local estimates suggesting 2,000 to 3,000 cuts. This restructuring aligns with Oracle's massive $55.7 billion FY2026 capex spend on AI data centers. Employees are bracing for potential notifications, similar to the 6 a.m. email seen previously. π