The Indian tech sector is experiencing significant workforce reductions, highlighted by Oracle's unexpected layoffs on March 31, 2026, which affected around 12,000 employees in India. This move is part of a global restructuring plan that could see 20,000 to 30,000 jobs cut worldwide. Employees reported receiving termination emails early in the morning, with access to company systems revoked shortly after. Despite Oracle's recent profit surge, the layoffs are attributed to a shift towards capital-intensive AI infrastructure investments. In contrast, Tata Consultancy Services (TCS) is implementing a gradual reduction of over 12,000 jobs by March 2026, representing about 2% of its workforce. This decision follows a new policy requiring employees to maintain a minimum number of billable days, leading to forced exits for those unable to meet the criteria. TCS's CEO, K Krithivasan, described the layoffs as a difficult decision aimed at enhancing the company’s agility. The labor ministry has requested explanations from TCS regarding allegations of forced exits and labor norm violations. Overall, the tech industry is facing a challenging landscape, with 78 tech companies globally laying off over 41,447 employees in 2026 alone.