layoffs are not only in tcs, in oracle they are cutting down teams around 35 % to 40%, layoffs are everywhere now and market is saturated

Buddy the problem is Oracle pays quite well, so even if they get fired, resources will get enough time to search the job. Its not the case with TCS. Many people stayed here will less salary thinking they will retire here and now suddenly they will be on road

yesterday mangers were given 20 managers of a group were given target to layoff 40 per cent staff

Bro, Oracle layoffs nothing new.. they never preached we have stable job, we are family, plus Oracle perks??

In oracle which division is getting affected by layoff?are database teams getting affected?

https://www.thehindubusinessline.com/companies/pwc-india-to-triple-revenue-create-20000-jobs-expand-workforce-to-50000-by-2030/article69924124.ece?isComingFromApp=true

some positive news also coming from IT market.

Worst part is they are not even paying severance package as usual companies do so these kind of chindigiri is also big headache, other companies folks have atleast 6-7 months of gross salary based on number of years with company but here nothing.