US tech giant, Oracle, has laid off 12,000 employees in India, with around 30,000 globally. The layoffs were part of a strategy to streamline operations and result in redundant positions. The company has offered 15 days' salary for each completed year of service for the fired employees, including leave encashment, gratuity based on eligibility, and a two-month salary as a top-up for laid-off employees. This comes as Oracle increases capital expenditure to build data center infrastructure capable of handling AI workloads.