Jobs
foundit appoints Tarun Sinha as chief executive officer
New chief bets on tech, personalisation and expansion across APAC and Middle East
BENGALURU: foundit has named Tarun Sinha as its new chief executive, signalling a sharper push on AI-led innovation and market expansion as competition heats up in the HR tech space.
Sinha, a digital business veteran with over two decades of experience, steps in at a pivotal moment for the jobs platform, formerly Monster APAC and ME. He previously held senior roles at BetterPlace, OLX/Naspers and Times Internet, where he drove scale, product innovation and market growth.
“I am thrilled to join foundit at such a pivotal moment in the global talent ecosystem,” said Tarun Sinha. “foundit has built a strong foundation as a trusted platform connecting talent with meaningful opportunities. My focus will be to accelerate technology-led innovation, deepen personalisation, and leverage advanced, data-driven solutions to deliver unmatched value for job seekers and employers alike.”
The appointment underscores foundit’s ambition to cement its leadership in the talent platform market, with a renewed focus on AI capabilities, enhanced user experience and tailored recruitment solutions for the evolving needs of APAC and the Middle East.
The company, which has connected over 120 million job seekers across 18 countries, is doubling down on deep tech to sharpen hyper-personalised job searches and precision hiring.
With Sinha at the helm, foundit is looking to move faster, think sharper and compete harder in a market where the war for talent is only getting more intense.
Jobs
Oracle layoffs jolt workforce; 30,000 jobs at risk globally, 12,000 in India
Early-morning emails, no warning, as AI-led reset sweeps through teams
Austin: Oracle has triggered a sweeping wave of layoffs, blindsiding employees with pre-dawn emails and fuelling fears of a deep workforce reset as the company pivots towards artificial intelligence.
Staff across teams reported receiving termination notices as early as 5 to 6 am, with roles scrapped effective immediately. There was little warning and, in many cases, no prior conversations with managers or HR, amplifying the shock.
The cuts are believed to span Oracle’s computing business across regions, including India and Mexico. While the company has not confirmed the scale, posts on Blind, Reddit and X point to widespread disruption.
India appears among the hardest hit. Nearly 12,000 employees may have been laid off from a base of around 30,000, according to ANI. Globally, job losses are being pegged at close to 30,000, about 18 per cent of Oracle’s workforce, though this remains unverified by the company.
Accounts from inside teams suggest steep reductions. One X user wrote: “Just got a call from a friend who is a senior manager (at Oracle). 6 out of 20 members have been asked to leave. In many teams, almost 50% of team members are gone. Total layoffs are almost 20%.”
In several cases, emails sent directly from “Oracle Leadership” were followed by immediate revocation of system access, effectively locking employees out within minutes.
An internal note cited “organisational changes”, adding that “because of these changes, a decision has been taken to streamline the operations, and as a result, unfortunately, the position you currently hold will become redundant.”
The severance package reportedly includes 15 days’ salary for each year of service, one month’s notice pay, leave encashment, gratuity based on eligibility and a two-month salary top-up. However, this is said to apply to those who opt to resign voluntarily.
Sources suggest another round of cuts could follow within a month, though there is no official confirmation.
The layoffs come as Oracle ramps up spending on AI infrastructure and data centres, mirroring a broader industry shift. Amazon and others have trimmed headcount this year to fund similar bets.
The signal is stark. In the AI race, jobs are the first casualty, and the axe may not have finished swinging.
