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Oracle trims workforce
Who's next?
Tue 20 Mar 2001 //
21:48 UTC
Oracle is joining the IT herd and culling jobs - a move affecting between one and two per cent of staff.
The software giant said today that up to 866 jobs would go worldwide "through normal attrition and regular business performance assessments".
The staff cuts come a week after Oracle met reduced fiscal third quarter results, with profits up 16 per cent.
At the time Oracle CFO Jeffrey O Henley said the US economy downturn had affected profit growth more than expected, adding that "current economic uncertainty continues to limit our visibility going forward". ®
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