Oracle Is Expected to Cut More Than 1,000 Jobs
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From Associated Press
Business software maker Oracle Corp. is expected to announce more than 1,000 job cuts today as it outlines plans to absorb rival Siebel Systems Inc.
A person familiar with the plans said the cuts would be revealed during an afternoon conference call with industry analysts. They have been widely anticipated since Redwood Shores, Calif.-based Oracle announced the $5.85-billion acquisition five months ago.
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