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Oracle set to fire 6,000 PeopleSoft Workers

Because Oracle is set to proceed with its takeover PeopleSoft, it is set to announce lay-offs this week.

"On the personnel front, our goal is to get integration done this month," Oracle CFO Harry You told investors on Tuesday at the Needham & Co. Growth Conference in New York. "It would be literally in the next few days."

Speaking to Reuters on the sidelines of the conference, You would not specify how many jobs would be lost, but noted that Oracle would do what makes financial sense.

Oracle also feels that improvements can be made to some areas of PoeplSoft:

You said there was room for improvement in PeopleSoft's business, such as how it handles sales. Oracle learned over the holidays when combing PeopleSoft's financial records that 80 percent of its license revenue did not come until the last day of the quarter.


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