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Latest News

Oracle cuts 8 per cent of British workforce

by Personnel Today 6 Sep 2002
by Personnel Today 6 Sep 2002

Oracle
is to cut 270 jobs in the UK – around 8 per cent of its British workforce.

The
IT company has slashed budgets following a slump in its business.

In
a statement the company said: "No organisation is immune to the current
economic crisis."

However,
he added: "Oracle is constantly re-evaluating business-critical staffing
allocations as part of ongoing efforts to consolidate operations, retain staff
and increase technological efficiencies."

The
cuts amount to less than 1 per cent of the company’s global workforce.

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Oracle
UK headquarters are in Reading. It also has offices in nine other towns
including London and Edinburgh.

By Quentin Reade

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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