Thursday, February 09, 2006

Oracle Expected to Cut More Than 1,000 Jobs

An AP newswire article by Michael Liedtke, via, reports that:

Business software maker Oracle Corp. will announce more than 1,000 job cuts Thursday as it outlines a course for harvesting higher profits from its recent $5.85 billion takeover of rival Siebel Systems Inc., a person familiar with the plans said.

The cuts, to be revealed during an afternoon conference call with industry analysts, have been widely anticipated since Redwood Shores, Calif.-based Oracle announced the acquisition five months ago.


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