India, April 6 -- Thousands of Oracle employees were recently laid off, receiving notifications via email that their positions had been eliminated. The communication provided employees with a severance package that encompassed several weeks of base salary along with the encashment of certain leaves and benefits. Information regarding the severance formula applied by the company for its Indian workforce has emerged on social media. However, no official statement has been offered by the company on the matter so far.

"In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," two people impacted by the layoff told PTI soon after the announcement.

Last week, the news agency announced t...