Oracle seeks $1b savings, staff prepare for layoffs (webmaster@theregister.co.uk (Lindsay Clark)/The Register)

webmaster@theregister.co.uk (Lindsay Clark) / The Register
Oracle seeks $1b savings, staff prepare for layoffs – Operating profit crashed 28% in Big Reds fiscal 2022 Oracle executives are reportedly eyeing up a $1 billion cost reduction programme that includes revamping the organization and making thousands of employees redundant. …

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