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4801: Oracle job cuts in India, US HIRE Bill worries India's IT sector, PhonePe, GPay lose UPI ground and EVs charge into festive season | MC Tech3
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In today’s Tech3 from Moneycontrol, Oracle has begun layoffs in India across its Cloud and Financial Services teams, impacting hundreds of employees. Meanwhile, the US HIRE Bill sparks jitters for India’s $280 billion IT industry, PhonePe and Google Pay cede ground in the UPI market as challengers like Navi and super.money gain traction, and EV makers including Ola and Ather gear up for a festive sales push in Tier II and III towns.
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