Oracle slashes jobs in 'widespread layoffs' in drive to save $1bn - reports

Oracle has begun a raft of job cuts that has seen several of its executives share their frustration that they have been included in what has been described as "widespread company layoffs". Sharing the news on LinkedIn, affected staff have cited "organisational restructure" as a reason the company has given for the cuts. Some have also expressed surprise in light of them having just been recruited by the US giant within the last six months. Meanwhile, several of Oracle's competitors h...