Business
Oracle to fire 800
Dark start to the New Year...
![zd-defaultauthor-heather-mclean.jpg](https://www.zdnet.com/a/img/resize/90e8e1d400ad5188b719bb7eede3050f78f1ca28/2014/12/04/f973e3d1-7b67-11e4-9a74-d4ae52e95e57/zd-defaultauthor-heather-mclean.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
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.