Oracle's Layoffs Spark Outrage as Company Seeks to Hire Foreign Workers

Q: How many employees were laid off by Oracle?

Oracle laid off approximately **30,000 employees** globally.

Original: Oracle layoffs update: Amid thousands of job cuts, US IT firm's big move triggers massive backlash online

The Economic Times•Apr 3, 20263 min

In a Nutshell

Oracle Corporation, a major US IT firm, announced layoffs affecting approximately 30,000 employees on March 31, 2023. The announcement coincided with the company's efforts to hire foreign workers through 3,126 H-1B visa petitions, igniting backlash from the public and former employees who feel betrayed by the company's actions.

Key Points

01Oracle laid off around 30,000 employees in an abrupt decision communicated via email.
02The layoffs occurred while Oracle filed 3,126 H-1B petitions to hire foreign workers.
03Critics on social media expressed outrage, labeling the company's actions as disloyal to American workers.
04Approximately 12,000 employees in India were among those affected by the layoffs.
05Oracle has not publicly commented on the backlash or the timing of the layoffs.

In-Article Ad

Full Summary

On March 31, 2023, Oracle Corporation, chaired by billionaire Larry Ellison, announced layoffs impacting around 30,000 employees globally, sending termination emails early in the morning. The layoffs have drawn significant criticism, particularly as the company simultaneously filed 3,126 petitions to hire foreign workers under the H-1B visa program for fiscal years 2025 and 2026. This has led to outrage on social media, with former employees expressing feelings of betrayal after years of service. Critics argue that such actions disadvantage American workers and question the loyalty of transnational corporations to the U.S. workforce. Among those laid off, approximately 12,000 employees were based in India. Oracle's communications indicated that affected employees would receive severance packages, but access to their work accounts would be terminated promptly. The company has yet to respond to the public outcry regarding its hiring practices amidst mass layoffs.

Key Figures

30,000

Total number of employees laid off

3,126

Number of H-1B petitions filed by Oracle for foreign workers

12,000

Number of employees laid off in India

In-Article Ad

Why It Matters

The layoffs could lead to increased competition for jobs in the tech sector, particularly affecting those in similar roles to those laid off. It may also contribute to a sense of job insecurity among tech workers in the U.S.

Who is affected

Tech workers in the U.S. and abroad, especially those in similar roles to those laid off.

What to know

Job seekers in the tech industry should be aware of the shifting job landscape and consider networking or upskilling to remain competitive.

FAQ

Oracle laid off approximately 30,000 employees globally.

The layoffs are part of a broader organizational change to align with Oracle's current business needs.

✦