Sandie Seward
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270 jobs go at Oracle. Oracle Corporation, the US software giant, is to make 270 people redundant in the UK as the downturn in the technology market deepens.
The cuts are to be made at Oracle's consultancy division based in Reading, and almost 9 per cent of the UK workforce will lose their jobs.
The company, run by Larry Ellison, one of the world's richest men, has so far been relatively resilient to the economic downturn.
Earlier this year it announced a global 1-2 per cent reduction in its 42,000-strong workforce. This cut, however, is well below that of some of its rivals. Siebel Systems, for example, said in July that it would lay off 16 per cent of its workforce.
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