Monday, January 19, 2009

Oracle cuts 500 jobs

From Austin Business Journal, Januaary 14, 2009...

Oracle Corp. cut about 500 sales and consulting jobs in North America last week, according to a report on Wednesday.

The Wall Street Journal said the cuts came from the Redwood City, Calif. software company's 33,526 employees in the Americas, citing unnamed people familiar with the matter. Oracle (Nasdaq: ORCL) employed 86,657 globally at the end of November.

Oracle has a major office in North Austin, though it will not disclose how many employees work there.

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