Oracle India

Tech giant joins industry peers in pivoting towards AI infrastructure, triggering a massive workforce restructure across global and Indian operations

Oracle has eliminated nearly 30,000 jobs globally as huge investments in AI data centres and infrastructure strain its finances despite strong revenue growth

US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees. "In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department. The company has approximately 30,000 employees in India, including those affected by the layoffs. Oracle declined to comment on the development. Oracle, in an email sent to staff, said the employees were informed about certain organisational changes and "because of these changes, a decision has been taken to streamline the operations, and as a result, unfortunately, the position you currently hold will become redundant". The company has offered 15 days' salary to each employee who has completed a year of service in India, in add

Shailender Kumar, senior vice-president and regional managing director, Oracle India and NetSuite JAPAC talks about the recent Budget announcements and the India growth story

Thiagarajan talks about the Indian market, Cloud adoption, generative AI (GenAI), and the importance of India

AI, cybersecurity, data science and application development among subjects it will cover

Oracle Database 23ai, the latest release of Oracle's converged database, is in line with the company's sharp focus on AI

Kumar further added that today every customer across verticals like BFSI, telecom, retail, large or SMB etc., are discussing cloud and how fast they can do so

The Ministry of Education has selected Oracle Cloud Infrastructure to modernise national education technology platform Digital Infrastructure for Knowledge Sharing (DIKSHA), the company said on Wednesday. The migration will help make DIKSHA more accessible and lower its IT costs. The platform supports 1.48 million schools across 35 states and Union Territories and is available in 36 Indian languages. "We have transformed and migrated DIKSHA onto Oracle Cloud Infrastructure (OCI)," said Shailender Kumar, senior vice-president and regional managing director, Oracle India and NetSuite Asia Pacific and Japan, at a briefing. Under the seven-year collaboration pact, OCI will help the ministry use DIKSHA to provide educational resources to millions of additional students, teachers and collaborators across the country. DIKSHA was built for school education and foundational learning programmes and represents one of India's largest and most successful Digital Public Infrastructure (DPI) ...

You will hear a lot of announcements, says Shailender Kumar

According to the official, over 80 training programmes are being run in R-CAT

The US Securities and Exchange Commission (SEC), in a September 27 order, slapped Oracle with a fine of $23 million for breaking the Foreign Corrupt Practices Act that Indian Railway is investigating

Oracle was fined $23 million by US SEC for paying bribes to officials of railway-owned PSU

Is Oracle Corporation in trouble in India? Can Reliance repeat its brick-and-mortar success in e-commerce? Are IT stocks a good contrarian bet from a one-year perspective? What is NaVIC? Answers here

Oracle is accused of bribing govt officials in India, Turkey and UAE to grab business contracts. While multinationals are held accountable such violations in the US, does the same happen in India?

Indian employees of US tech giant used discount scheme in dealing with transportation firm owned by railways ministry: Regulator

Oracle India's employees used "an excessive discount scheme" in connection with a transaction with a transportation company, says the SEC order

The partnership with Airtel Nxtra will help Oracle expand the capacity of its India West region, said Garrett Ilg, President, Oracle Japan and Asia Pacific.

Oracle recently reported first quarter results for the financial year 2022. Total quarterly revenue rose 4 per cent to $9.7 billion

Oracle said MeitY had given approval, after a rigorous audit process that lasted a few months, for empanelment of Oracle Cloud Infrastructure as an approved CSP