India, Aug. 20 -- Oracle has begun a new round of layoffs, reducing its workforce in several key regions. The job cuts, which affect various departments, are part of a larger restructuring effort to focus on artificial intelligence (AI). These changes come as Oracle posts strong financial results, underlining a strategic pivot within the company to prioritise high-growth areas.

The recent layoffs impacted an estimated 10% of Oracle's staff in India, a major hub for its global operations. The company has also eliminated roles in the United States, Israel, and Canada. Most of the cuts are in the Oracle Cloud Infrastructure (OCI) division, with roles in enterprise engineering, Fusion ERP, and AI/ML project management also affected. A signif...