Conference ulysse::rdb_vms_competition

740.0. "Oracle is 10% thinner today..." by FLYPPR::COUGHLAN (DBS Product Management) Tue Sep 18 1990 19:51

    
Today's Wall Street Journal ran an article indicating that the 400 (10%
of 4000 domestic employees) employees were fired yesterday. 

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From:	CIVIC::CIS_PROD "18-Sep-1990 1112" 18-SEP-1990 11:16:13.24
Subj:	 CIS DELIVERS ... ORACLE ANNOUNCES COST REDUCTIONS 




 -----       ORACLE ANNOUNCES COST REDUCTIONS        
|C I S|                                    
 -----  
             Source : Business Wire              Date : 17-SEP-90



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REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oracle Corporation (NASDAQ:
ORCL), developer and marketer of the ORACLE(R) relational database 
management system, today announced cost reductions resulting from 
reorganizations and consolidations of many management and 
administrative functions.  The Company has made these reductions in 
order to bring its fiscal year 1991 expenses in line with its fiscal 
year revenue growth plan, adjusted two weeks ago to 25 percent. 

The reductions and consolidations include an approximate
10 percent reduction in the Company's domestic workforce of
4,000 people. 

The Oracle USA Finance and Administration group was consolidated 
into the Company's Corporate Finance and Administration group under 
Jeffrey L. Walker, who was promoted to Executive Vice President and 
Chief Financial Officer.  ``With this consolidation,'' said Lawrence 
J. Ellison, President, Chief Executive Officer and Chairman of 
Oracle Corporation, ``we will reduce costs and further improve the 
controls on our business.'' 

The Oracle USA field operations group, under the new leadership of
Michael S. Fields, has also been reorganized, reducing the number of
levels in the organizational hierarchy from five to three in order to
reduce the number of sales managers while increasing the number of 
sales representatives.  ``In this way,'' said Ellison, ``we will have 
reduced sales expenses and increased sales capacity.''  Mike Fields 
was recently named the new President of Oracle USA.  He sits on the 
Company's management committee and reports to Geoffrey W. Squire, 
who continues as President of Worldwide Distribution. 

The Company also announced the consolidation of its International 
organization into a single group reporting directly to Geoff Squire.
Peter R. Tierney, former head of the Intercontinental organization, 
is no longer with the Company. 


                                                  

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 -----       ORACLE ANNOUNCES COST REDUCTIONS               | 17-SEP-90
|C I S|                                                     | Business Wire
 -----       

Ellison said, ``We believe that making these changes, as difficult 
and overwhelming as all of them are, is necessary for Oracle 
Corporation's return to health and profitability in the second 
quarter.'' 

About Oracle


Oracle Corporation, headquartered in Redwood City, CA, is the 
world's leading supplier of database management software and services
and the third largest software and services company in the world. 

The Company offers its products, along with related consulting, 
education and support services, in 90 countries around the world. 
Oracle Systems Corporation is a publicly-held corporation whose 
shares are traded on NASDAQ/NMS with ticker symbol ORCL. 

-0-

Note to Editors: ORACLE is a registered trademark of Oracle 
Corporation, Redwood City, CA. 





























                                                  

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