And the layoffs continue with Oracles goodbye to 500 employees | Startup Meme - Technology Startup and Latest Tech News

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Jan 15 2009

And the layoffs continue with Oracles goodbye to 500 employees

Sardar Mohkim Khan 

image thumb119 And the layoffs continue with Oracles goodbye to 500 employees

Oracle has done some cuts in its workforce by laying off another 500 of its employees. The layoffs have been made in the consulting and sales departments of its businesses in North America. Although the company’s last quarter reported of 6% increase in revenues, the 1% decrease in overall profit appears to have been big enough to call for the given layoffs.

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