India, April 2 -- Oracle Corporation's recent announcement to lay off 30,000 employees globally, nearly 19% of its workforce, has sent ripples across the corporate and tech ecosystem. With India expected to bear the brunt of the American tech giant's layoffs of 12,000-15,000, Bengaluru, home to Oracle's largest Indian workforce of 30,000, is likely to feel the impact on its real estate market, experts said.

Employees contacted by Mint in India described the layoffs as sudden and unsettling. While some said their roles were rendered redundant despite continuous reskilling, others were retained based on their alignment with the company's AI priorities.

The Bengaluru real estate market has long been a magnet for IT and software professiona...