Oracle Corp. has trimmed its workforce, but not as much as some people had speculated, The Wall Street Journal reported on Tuesday.
Citing people familiar with the matter, the newspaper said the software giant cut around 500 positions in its North American sales and consulting businesses on Friday.
The Redwood Shores, California-based company had 33,526 employees in the Americas at the end of November and 86,657 globally, the report said.
An Oracle spokeswoman declined to comment to the newspaper and could not immediately be reached.
The Journal said the Internet has been buzzing with rumors of cuts of up to 10 percent of the company's workforce, a move that would affect thousands of people. Some analysts have put the number in the hundreds.
Agencies
Showing posts with label business layoffs. Show all posts
Showing posts with label business layoffs. Show all posts
Wednesday, January 14, 2009
Saturday, January 10, 2009
Motorola India issues pinkslips to employees
Seems the predictions of a tough 2009 for the cellphone market have started coming true. According to a report in a leading daily, more than 200 people Motorola India had hired just a few months ago to drive its mobile handsets business have been laid off.
The company has decided to stick to its current model of doing business through distributors, says the report.
Industry sources said that Motorola paid all the laid-off sales personnel two months salary in lieu of the notice period.
The company is also reported to have issued pink slips to at least 100 of its 4,000 employees in India in December. It is, however, not clear if the current number of employees given pinkslips includes these.
The December move was said to be a part of the Illinois-based company's earlier announced strategy of slashing 3,000 jobs, or about 5 per cent of its global workforce.
This week the company also launched MotoYuva EM325. The eighth MotoYuva mobile phone in India offers a one-touch access to MP3 library, a universal 3.5 mm jack, 2 GB of removable microSD memory and drag-and-drop USB 2.0 technology. The phone is available in India at a price of approximately Rs 5,149.
In an interview to a news agency, Sony Ericsson CEO, Hideki Komiyama said that the company expects a challenging year 2009 as the handset sales are expected to be down by 5-6 percent.
Sony Ericsson's predictions follow similar ones from Nokia and Gartner according to which the global handset market is set for a slowdown in 2009.
Indiatimes
The company has decided to stick to its current model of doing business through distributors, says the report.
Industry sources said that Motorola paid all the laid-off sales personnel two months salary in lieu of the notice period.
The company is also reported to have issued pink slips to at least 100 of its 4,000 employees in India in December. It is, however, not clear if the current number of employees given pinkslips includes these.
The December move was said to be a part of the Illinois-based company's earlier announced strategy of slashing 3,000 jobs, or about 5 per cent of its global workforce.
This week the company also launched MotoYuva EM325. The eighth MotoYuva mobile phone in India offers a one-touch access to MP3 library, a universal 3.5 mm jack, 2 GB of removable microSD memory and drag-and-drop USB 2.0 technology. The phone is available in India at a price of approximately Rs 5,149.
In an interview to a news agency, Sony Ericsson CEO, Hideki Komiyama said that the company expects a challenging year 2009 as the handset sales are expected to be down by 5-6 percent.
Sony Ericsson's predictions follow similar ones from Nokia and Gartner according to which the global handset market is set for a slowdown in 2009.
Indiatimes
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