Oracle lays off 100 in India

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Oracle has laid off nearly 100 employees in India as part of a global restructuring exercise, Times of India reports, citing sources it didn’t identify. Pink slips were issued to software developers, quality assurance and documentation professionals last week. The technology giant’s transition from its traditional software licenses and hardware businesses to cloud-driven subscriptions is causing job redundancies, global news reports indicate. The company — which has 38,000 staffers in India — is reportedly shedding jobs in the US and Mexico too.

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