Oracle is eliminating roughly 3,000 positions in India, while Microsoft has placed between 400 and 500 India employees on performance improvement plans, according to The Economic Times. The Microsoft group represents about 2% of the company's India workforce, and the performance process is part of a worldwide initiative, EIIRTrend chief executive Pareekh Jain said. Oracle's reductions form part of a broader workforce contraction: its headcount fell by 21,000, or 13%, to approximately 141,000 in the fiscal year ended May 31. Oracle attributed part of the decline to AI adoption and deployment, while its AI data-center expansion drove substantial financial pressure. Capital expenditure reached $55.7 billion in fiscal 2026, compared with $21.2 billion a year earlier, contributing to a $23.7 billion cash shortfall relative to cash generated. Oracle raised $43 billion through debt and $5 billion through stock sales, and recorded $1.8 billion in restructuring charges under its 2026 Restructuring Plan, which carries anticipated total charges of up to $2.1 billion. Despite the cuts, Oracle reported 17% fiscal-year revenue growth and 77% growth in cloud infrastructure. Co-CEO Clay Magouyrk said demand for AI computing capacity exceeded supply, with $553 billion in contracted but unrecognized revenue. Oracle shares rose about 5% on the layoff news.