Jobs go at Oracle after takeover
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Oracle announces 5,000 job losses - 9% of the workforce - following the completion of its takeover of Peoplesoft.
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The bruising takeover battle is over. The blood-letting of 5,000 layoffs has started. Now comes the "soft" sell -- Oracle's strategic sweet talk to convince customers of the benefits of its acquisition of business-software rival PeopleSoft.
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Oracle Corp.  has replaced PeopleSoft Inc.'s  co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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Oracle Corp.  said on Wednesday it has taken control of PeopleSoft Inc. , now that about 75 percent of PeopleSoft's shareholders have tendered their shares.
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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares.
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Over the weekend, Oracle announced that approximately 60 percent of PeopleSoft&#39;s outstanding shares had been tendered to Oracle in that company&#39;s $9.2 billion takeover bid for PeopleSoft.
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Oracle Corp.  will cut 5,000 jobs as it combines with PeopleSoft Inc., the business software rival it acquired for &#36;10.3 billion after a bitterly fought takeover battle, the company said on Friday.
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Oracle Corp. , the business software maker that recently acquired rival PeopleSoft, said on Friday it plans to cut the combined work force of the two companies by about 5,000 people, leaving a total of 50,000 employees.
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US software company Oracle reports a jump in profits after acquisitions boosted its sales of business products.
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The Oracle Corporation has taken control of PeopleSoft, making Oracle the world's second-largest maker of business-management software.
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Oracle, the American corporate software giant, has admitted it is feeling the pressure of its protracted takeover battle for PeopleSoft, saying that it was worried that valuable staff were starting to leave its acquisition target.
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BUSINESS software maker Oracle&#39;s quarterly earnings just exceeded analyst expectations, overcoming sluggish sales in applications the company hopes to remedy through its takeover bid for rival PeopleSoft.
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OracleÂ will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.ADVERTISEMENTWhite paper: Solutions to Address IT Control RequirementsLearn how BMC Software Solutions address requirements such as the Sarbanes-Oxley Section 404 in this 20 page whitepaper!
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Oracle has taken official control of rival PeopleSoft following this week&#39;s decision by PeopleSoft shareholders to tender 75 percent of outstanding stock holdings to the US database and applications giant.
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Oracle&#39;s initial tender offer for outstanding PeopleSoft shares has closed, with Oracle accepting 298,834,574 million shares constituting 75% of all PeopleSoft shares.
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After an 18-month hostile takeover battle, Oracle has finally won control of rival PeopleSoft, creating the world&#39;s second-largest supplier of business management software applications.
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Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, despite sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc. -AP