Technology

Oracle refutes reports of job losses

Oracle chief executive officer Larry Ellison has denied that the company is planning another round of job cuts. Reports had suggested that Oracle was planning to lay off around 200 workers.

CBR Staff Writer June 13, 2002

Ellison insisted that Oracle was performing well despite difficult industry conditions and pointed to the company’s profit margins as an indication of the company’s robust performance. Ellison went on to claim that Oracle was unbelievably profitable.

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