Oracle Corp. cut about 500 sales and consulting jobs in North America last week, according to a report on Wednesday.
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The Wall Street Journal said the cuts came from the Redwood City software company's 33,526 employees in the Americas, citing unnamed people familiar with the matter. Oracle (NASDAQ:ORCL) employed 86,657 globally at the end of November.
The story follows days of speculation on blogs and online news sites that thousands of jobs were being cut.
Oracle reported its first year-to-year quarterly profit decline in November when it posted net income of $1.3 billion, down 1 percent, on revenue of $5.6 billion, up 6 percent.
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Source：Silicon Valley / San Jose Business Journal
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