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PeopleSoft layoffs coming Friday (6000 jobs cut) [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 11:51 AM
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PeopleSoft layoffs coming Friday (6000 jobs cut)
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http://money.cnn.com/2005/01/11/technology/oracle_layoffs.reut/

NEW YORK (Reuters) - Oracle Corp. said Tuesday that the announcement on layoffs at recently acquired PeopleSoft Inc. would come on Friday.

Oracle's Chief Financial Officer Harry You told Reuters on the sidelines of the Needham & Co. Growth Conference that the layoffs would come Friday. He would not specify how many jobs would be lost, except to say Oracle will do what makes financial sense.

Industry analysts have estimated at least 6,000 jobs may be lost.

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