New Delhi, March 31 -- Oracle has begun laying off employees as part of a cost-cutting effort, with its employees receiving notifications about their termination early Tuesday, reported Business Insider.

"After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change," the notification sent to affected employees read, mentioned the report. "As a result, today is your last working day," it stated.

Layoffs by the software maker appear to have affected employees in multiple regions across the globe - although the full extent of the cuts is not yet clear.

The layoffs were in the thousands mentioned a report by CNBC - citing two people aware of the ...