News In Brief

Oracle Corp., the world's No. 2 software company, announced it will lay off 900 workers, or about 2 percent of its global workforce. The Redwood City, Calif.-based firm said the cuts, which it blamed on slowing demand, would come through a combination of attrition and evaluations of future need. The move puts Oracle in the company of other Silicon Valley high-tech giants such as Intel Corp. and Cisco Systems, which announced thousands of job cuts earlier this month.

Teradyne Inc., a maker of semiconductor test equipment, said it will lay off 650 of its 10,000-employees. The company also will institute salary delays for all employees and a pay cut for senior managers in an attempt to reduce operating expenses. Earlier this month, Boston-based Teradyne announced it would lay off more than 1,400 temporary workers and warned that first-quarter sales would be down by 35 percent from the fourth quarter of last year.

(c) Copyright 2001. The Christian Science Monitor

You've read  of  free articles. Subscribe to continue.
QR Code to News In Brief
Read this article in
QR Code to Subscription page
Start your subscription today