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Oracle Fires 100 Employees In India As Part Of Its Restructuring Programme

As a part of a global restructuring effort in order to gear up cloud offerings, Oracle is learned to have laid off nearly 100 employees in India. These changes reflected after the two top executives name, Thomas Kurian and Amit Zavery, quit the company to join Google, as reported by ToI. Currently, it is the fourth quarter of this fiscal for Oracle.

This fresh round of layoffs in the company appears to more than an annual redundancy exercise under which company let go off the under-performing employees.

Sources told the national publication that this layoff mainly affected software developers, quality assurance, and documentation professionals. On the condition of anonymity, a source told ToI, “Some employees were asked to come for the meeting with their laptops, an indication that they would be asked to surrender their laptop and sign off.”

In the US too, this layoffs exercise is happening. On layoff discussion, many employees expressed their concern. One of them quoted saying that “It’s been 1:1 meeting all week in IDC.”

When national publication ToI contacted Oracle over its decision of layoffs, one of the company’s spokesperson said, “As our cloud business grows, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud products to our customers around the world.”

India is the largest delivery center outside the US for Oracle. It has around 38,000 employees. In 2018, the company has clocked $40 billion in revenue. It has employed 1.4 lakh people globally.

One important point to note here is that Oracle is trying to shift its resources into the cloud. For this, it is reducing its exposure to the hardware and software businesses so that it can compete with giants like Google and Microsoft. The Oracle Cloud offers a suite of integrated applications for sales, service, marketing, HR, finance, supply chain, and manufacturing.―Times Now

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