Original URL: http://www.theregister.co.uk/2009/07/03/oracle_job_cuts_europe/

Oracle waves axe in faces of 1,000 European workers - report

Arm holding Sword of Damocles getting tired

By Kelly Fiveash

Posted in Applications, 3rd July 2009 12:55 GMT

Software giant Oracle is reportedly set to lay off up to 1,000 Europe-based employees.

According to French news agency AFP, the world's second biggest software vendor revealed its plans to Oracle's European workforce earlier this week when it met trade unions.

The Register asked Oracle to confirm that job cuts were underway in Europe. At time of writing the company hadn't got back to us with comment.

Oracle, which announced its intention to buy Sun Microsystems for $7.4bn in April, employs 86,000 staff across the globe, with about a third of its workers based in the US.

Oracle is one of the few tech firms to have avoided redundancies so far.

In January Microsoft confirmed it was letting go of around 5,000 people after it reported disappointing quarterly results under economically gloomy grey skies. ®