Oracle laid off 20,000 to 30,000 employees globally on March 31, 2026, representing about 18% of its workforce. Around 12,000 employees in India were affected, with cuts across cloud, engineering, SaaS, and operations teams. Employees received termination emails without prior notice, and system access was revoked immediately. Oracle is investing $156 billion in AI data centre expansion and restructuring to reduce costs. The layoffs aim to free $8–10 billion in cash flow. India’s tech sector may face pressure as thousands of skilled professionals enter a slow hiring market.