January 15, 2005

Oracle cuts Peoplesoft

by brian_turner

After completing one of the bitterest IT merger acquisitions in recent years, Oracle have announced that they will lay-off 5,000 workers. The majority of the lay-offs are expected at acquired company Peoplesoft, which already employs nearly 11,000 people worldwide.

In Oracle to cut 5,000 jobs in PeopleSoft merger, CNet reports on how Peoplesoft tried to fight off the acquisition for 18 months, and the matter ended up covering two high-profile court cases which heard how the opposing company CEO’s lashed out at each.

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