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According to the study by Oracle and author Seth Stephens-Davidowitz, around 90 per cent of business leaders in India have suffered from decision distress -- regretting, feeling guilty about, or questioning a decision they made in the past year. Nearly 82 per cent admit the sheer volume of data and their lack of trust in data has stopped them from making any decision. The survey polled 14,000 employees and business leaders across 17 countries, including 1,000 in India.

The company said that to better align its cost structure with near-term revenue, it is in the process of initiating a "restructuring of its operations". "The actions are expected to result in a net reduction of approximately 140 employees, which represents 10 per cent of the company's workforce as of July 2, 2022," it said in its quarterly earnings report.