Tech layoffs continue; ITC Infotech-Happiest Minds to merge

Happy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning Dispatch.

Also in the letter:

■ Deeptech’s funding gap

■ Semicon 2.0 takes shape

■ Qcomm gains GMV, user share

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^{Oracle trims 3,000 India roles; Microsoft places 500 on PIP}