Oracle set to slash PeopleSoft jobs

Up to half of PeopleSoft’s employees worldwide could be made redundant following the company’s recent acquisition by Oracle.

Up to half of PeopleSoft’s employees worldwide could be made redundant following the company’s recent acquisition by Oracle.

Speaking at the Needham & Company annual growth conference in New York this week, Oracle chief financial officer Harry You, said, "Decisiveness will be the key to the integration of PeopleSoft. Our personnel goal is to complete integration in the next few days."

In his presentation to technology investors and other industry players, You refused to be drawn on the number of redundancies, which is set to be announced by next week, however, industry estimates point to around 6,000 job cuts.

Needham & Company expects that up to 90% of administration and sales staff will go, which would make up around half the total PeopleSoft headcount.

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