Cloud Computing: Oracle Corporation to Lay Off 150 Workers in Germany
November 28, 2015
Grazed from BidnessETC. Author: Martin Blanc.
Oracle Corporation has planned to lay off around 150 employees in Germany, which represents around 6% of the 2,700 total employees in the region, local business magazine, Wirtschaftswoche reported yesterday. The report also said that the company was planning to gather its IT support jobs at one site in Romania. It is interesting to note that the magazine did not name any source.
This is not the first time that layoff speculation pertaining to Oracle has emerged. Back in 2009, WSJ reported that Oracle had laid off around 500 employees in North America, citing people familiar with the matter. In 2002, Credit Suisse said the company was preparing to cut 400-800 jobs…
In September, Business Insider reported that Oracle was planning some cost-cutting measures such as making employees pay for holiday week between Christmas and New Year’s by working four days of their vacation time. The site said that employees were upset about that and blamed the setup on CEO Mark Hurd who was known for cost-cutting strategies during his tenure at Hewlett-Packard. Other cost-cutting measures were also in consideration such as reduction in car allowances…
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