News Source: Androscoggin News
| 4 months ago
French unions for the software company Oracle Corp. say the company has told them it plans to cut between 850 and 1,000 jobs in Europe in response to slowing growth. In a joint statement, five of the Redwood Shores, Calif.-based company’s French...
News Source: Androscoggin News
| 4 months ago
Oracle said that the cuts were necessary after growth had been significantly less than expected, and that the company needed to maintain a good enough operating margin to fund research, innovation, policy and external growth through acquisitions,...
News Source: Asian Wall Street Journal
| 4 months ago
The apparent move by Oracle, the world's second-largest software maker, comes shortly after the company said it detected signs of improvement in its North American business for its fiscal fourth quarter, but indicated that the business environment in...
News Source: Xtra News
| 4 months ago
Oracle Corp plans to lay off up to 1,000 workers in Europe, or about 1 percent of its global staff, as the recession erodes the giant software company's earnings, French news agency AFP reported on Thursday...Oracle would join EMC Corp, Hewlett-...