Oracle Layoffs: Recent job cuts raise big question, will they hit Bengaluru’s housing market? Truth is…
Oracle's recent layoffs of around 12,000 employees in India have raised concerns about the impact on Bengaluru's housing market, which relies heavily on the high salaries of IT professionals. The uncertainty in the IT sector has started affecting the property market, with demand weakening and market sentiment turning cautious.
Oracle's layoffs are affecting Bengaluru's real estate market. The company has cut around 12,000 jobs in India, with more expected soon. This has created uncertainty in the IT sector, impacting the property market. Areas that once saw strong demand from IT professionals are now experiencing a slowdown. Homebuyers are turning cautious, postponing or reducing their investments in high-value properties. The situation is also affecting other cities like Hyderabad, Pune, and Delhi-NCR.
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