Oracle has said that it will cut 270 jobs from its workforce in the UK. The job cuts represent an 8% reduction in the company’s UK workforce but is less than 1% of its overall workforce of 42,000 employees. Oracle’s consultancy division in the UK will bear the brunt of the job cuts.
Oracle is scheduled to unveil its Q1 financial results on September 17. In June, the company’s chief executive officer Jeff Henley said Oracle would earn profits of seven cents per share in Q1. The company is also anticipating a 15% fall in software license revenues.