Austin/IBNS, April 1 -- Oracle has reportedly slashed around 30,000 jobs globally, including nearly 12,000 in India, in a sweeping round of layoffs, media reports said.

Oracle has an estimated workforce of about 30,000 in India, including those affected by the latest cuts. Reports suggest the company may undertake another round of layoffs soon.

In its communication to employees, Oracle said the positions had become redundant due to operational streamlining. The company added that staff had been informed earlier about organisational changes.

A two-month top-up salary has also been offered, but only to employees who opt for voluntary resignation.

Earlier reports indicated the layoffs are part of a broader cost-cutting exercise as Oracle...