CATCH ME UP
Oracle is bracing for potential job cuts affecting thousands of employees in India.
Microsoft has placed about 500 employees in India on performance improvement plans.
Microsoft said that does not automatically mean layoffs.
One report says Oracle is laying off approximately 3,000 workers in the country.
More context
Another says Oracle plans to lay off between 2,000 and 3,000 people in India.
A market research executive described the moves as part of a broader trend of restructuring and budget shifts toward newer areas.
Worker anxiety was also noted around how notifications are communicated.