Oracle to fire 800

Dark start to the New Year...
Written by Heather McLean, Contributor on

Dark start to the New Year...

Oracle is to fire up to 800 employees in a further bid to streamline its operations, it announced last Friday. The latest job losses amount to 2 per cent of its 42,000 strong global workforce. Most of the cuts will come from within the US consulting and sales divisions. Shares at the company closed on Friday at $14.06, up seven cents following the announcement.
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