Ellison: No More Layoffs
The Oracle CEO on Wednesday said the company is not planning additional layoffs, despite a Wall Street analyst report predicting reductions.REDWOOD SHORES, Calif. - Oracle Corp. Chairman and CEO Larry Ellison on Wednesday said the company is not planning additional layoffs, despite a Wall Street analyst report predicting reductions. The announcement was made at a conference here to formally announce a partnership with Red Hat Inc. and Dell Computer Corp. in which Oracle 9i database Real Application Cluster technology would run on Red Hat Linux Advanced Server on Dell PowerEdge servers. During the presentation Ellison responded to analysts who have speculated that the software maker is struggling to meet expectations for its fiscal fourth quarter which ended last week.
When asked if any layoffs were planned beyond the 200 developers let go last Friday, Ellison said flatly, "No." He then scoffed at the characterization of the consolidation of staff in its applications development group as a layoff, saying, "200 out of 40-some thousand are not layoffs."