Oracle to cut work force through attrition

Summary:Oracle will reduce its worldwide staff between 1 percent to 2 percent in the wake of spending cuts, a company spokeswoman said.The software firm plans to eliminate 866 jobs "through normal attrition and regular business performance assessments," said Stacey Torman, an Oracle spokeswoman.

Oracle will reduce its worldwide staff between 1 percent to 2 percent in the wake of spending cuts, a company spokeswoman said.

The software firm plans to eliminate 866 jobs "through normal attrition and regular business performance assessments," said Stacey Torman, an Oracle spokeswoman. Oracle, based in Redwood Shores, Calif., has approximately 43,300 workers. --ZDNet Inter@ctive Investor

Topics: Oracle, IT Employment

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.