The US-based tech giant – which has a significant India footprint, including product engineering teams, support functions and development teams – recently raised the estimated cost of its restructuring programme by USD 700 million to about USD 2.8 billion, a plan that includes employee severance and contract terminations. The number of global employees affected in the latest round has not been disclosed. Industry watchers, however, fear India could be hit hard by Oracle’s latest round of layoffs, with some media reports pegging the impact in thousands.While there is no official geography-wise breakdown of the eliminations, social media accounts from employees and their families tell a deeply personal, heartbreaking story of the looming uncertainty. Do you think that Job security should be a must for every employee?
