Software giant Oracle cuts 500 jobs: report
Reuters | 01/14/2009 11:50 AM
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NEW YORK – Oracle Corp. has trimmed its workforce, but not as much as some people had speculated, The Wall Street Journal reported on Tuesday.
Citing people familiar with the matter, the newspaper said the software giant cut around 500 positions in its North American sales and consulting businesses on Friday.
The Redwood Shores, California-based company had 33,526 employees in the Americas at the end of November and 86,657 globally, the report said.
An Oracle spokeswoman declined to comment to the newspaper and could not immediately be reached by Reuters.
The Journal said the Internet has been buzzing with rumors of cuts of up to 10 percent of the company's workforce, a move that would affect thousands of people. Some analysts have put the number in the hundreds.
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