Tuesday morning arrived with bad news for a few of the Oracle employees. Reportedly, the company has laid off 20,000-30,000 employees globally (approximately 12,000 Indian employees), roughly 18% of its global workforce. The employees were informed about the termination via a single 6 AM EST email on Tuesday, with no prior intimation, no call from HR, and no manager loop-in. The email was sent by Oracle Leadership.
As per the email, the roles were being terminated as part of a broader organisational change. Once the employees sign their termination paperwork sent via DocuSign, they will be eligible to receive a severance package, subject to the terms and conditions of the severance plan. Employees are also asked to update their personal email addresses to receive follow-up information, including FAQs and separation details.
Further, the affected employees are also warned that their access to company systems, email, voicemail, and files will be revoked soon, and they will be unable to log into their computers.
Online reports reveal that the teams most affected by this decision include:
- RHS (Revenue and Health Sciences)- employees described a reduction in force of at least 30%, with 16 or more engineers from individual business units cut in a single action.
- SVOS (SaaS and Virtual Operations Services)- similarly reported a 30% or greater reduction, with manager-level roles included in the sweep.
- NetSuite’s India Development Centre (IDC)- cuts spanned project management, individual contributor, and manager roles across multiple seniority levels.
It is said that in India, the severance is expected to follow the standard N+2 formula- N being the number of years worked, paid out in months. Meanwhile, unvested RSUs are forfeited entirely.
