Tech Giants Cut Thousands of Jobs Amid Economic Uncertainty

Oracle is set to cut thousands of jobs in India early in its new fiscal quarter. The tech giant has reportedly prepared to lay off up to 3,000 employees in the country. This move comes as Microsoft has put about 500 Indian employees on performance improvement plans.

The exact reasons behind Oracle's job cuts are not clear yet. However, it is worth noting that both companies have been facing challenges in the global economy and the impact of AI on their workforce.

Oracle's decision to cut jobs in India has raised concerns among industry experts about the future of employment in the tech sector. The Indian government has also been working to create jobs and stimulate economic growth in the country.