Oracle Layoffs India 2024. We recorded $243 million of restructuring expenses in connection with the 2024 restructuring plan in the first half of fiscal 2024 and we expect to incur the majority of the. Oracle corporation has initiated another significant round of layoffs, with its oracle cloud infrastructure (oci) division among the hardest hit, according to a report.

Oracle corporation has cut off several hundred workers in its oracle cloud infrastructure (oci) subsidiary as part of a recent wave of layoffs in the tech sector. The news publication the information reported that oracle plans to cut costs by up to $1 billion that could result in thousands of layoffs.