View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 21, 2014

450 jobs on the line as Oracle plans European cutbacks

Company targets software support centres located outside the UK, Romania and the Netherlands.

By CBR Staff Writer

Oracle is reportedly planning to reduce the number of employees at its European support centres, in a move that could have an effect on hundreds of employees.

Citing reports, the Register reported that the latest move would mainly impact all software support centres outside the UK, Romania and the Netherlands.

150 jobs are reportedly on the line in support centres in Germany, following reports that German worker protection laws mandated Oracle to advise the company’s representative works council body of the lay-offs.

Oracle’s financial results continue to not meet analysts’ estimations, with its hardware business, core on-premise software business, and cloud computing enterprises struggling to report growth.

The company’s CEO Larry Ellison also stepped down in September, at a time when the concentional business software market is under disruption with rise of cloud computing.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.