Oracle Corp is cutting 400 jobs in the US, 10% of its workforce there – it has 7,000 worldwide – as part of an effort to cut costs now that it has scaled back its growth expectations for this fiscal to 25% from 50%. The Oracle USA Finance and Administration group was consolidated into the Corporate Finance and Administration group and the Oracle USA field operations group has been reorganised, reducing the number of levels in the hierarchyfrom five to three to reduce the number of sales managers while increasing the number of sales representatives. Peter Tierney has left and all international operations are combined under Geoff Squire.
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