Oracle has confirmed that it is to axe 270 jobs in the UK, equivalent to eight per cent of the workforce.
It seems that most, if not all the jobs are going from the company's consulting division. According to insiders, that's around a quarter of the division wiped out in one go.
However, no one from Oracle was available to comment on this at the time of writing.
In an earlier statement the company said that "no organisation is immune to the current economic crisis... gwana-gwana". ®