Oracle lays off over 1,000 employees
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Oracle's hardware business is not doing great these days, as the company has plans to lay off more than 1,000 people. According to a recent press report, the Santa Clara hardware systems division will lose around 450 employees, while a discussion board claims that around 1,800 Oracle employees will be fired across the entire company.
Oracle reveals that the Santa Clara facility will not close its gates after this reduction of its personnel, although most jobs to be lost belong to hardware and software developers. "Oracle is refocusing its Hardware Systems business, and for that reason, has decided to lay off certain of its employees in the Hardware Systems Division," said an official.
In the quarter that ended mid-December, Oracle's hardware revenue took a 13 percent dive, while the software licensing revenue had to face a 20 percent drop. In the end, it looks like Oracle's acquisition of Sun was not a winning move. As one of those being fired claims, "SPARC is done." Remains to see if the months to come prove him wrong or not.