Oracle job cuts may head Down Under

Plans by Oracle to cut its global workforce by up to 850 employees could spread to Australia with a company spokesperson unwilling to deny local and regional job cuts.

Just three weeks after reporting the financial results for what CEO Larry Ellison called "our toughest quarter in a decade," Oracle has announced plans to cut back on is 42,000-person workforce.

The software vendor will reduce its workforce by two per cent early this year.

An Oracle Australia spokesperson didn't make available regional details claiming no further information was forthcoming from US headquarters.

The cutback follows a decline in both revenue and profits during Oracle's second quarter ended Nov. 30. The company in mid-December reported second-quarter revenue of US$2.4 billion, down from the year-earlier total of $2.7 billion. Net income in the quarter fell from $622.8 million to $549 million.

The layoffs are the second round of job cuts made during the past 12 months by Oracle, which announced a similar 1 percent to 2 percent workforce reduction last March. Compared with the restructuring moves at many other top technology vendors, though, Oracle's cutbacks have been relatively small.

AMR Research analyst Peter Urban siad the layoffs appear to be part of the general slowdown in technology business.

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