According to rumours from various sources, Oracle is going through a retrenchment exercise. Several people are rumoured to have been retrenched from the USA and India Office. Retrenched personnel is rumoured to account to as much as 10%, i.e. 8000 employees. Rumoured departments affected are: CRM Sales, Sales Business Operations, Channels group, IB group, PeopleSoft and much more.
Oracle has an office in Singapore, we do not know yet whether the Singapore office went throught the exercise also. If you have any information, please send to us: admin@breaking.sg
Click below link for more details.
http://retrenchment-blog.breaking.sg/2009/01/rumour-oracle-going-through-retrenchment-exercise/
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