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Oracle Slips After Staff-Cut Reports

Stock quotes in this article: ORCL , STX  

Updated from 1:51 a.m. EST

Software company Oracle(ORCL Quote) has fired "several hundred" of its more than 86,000 workers, according to two sources close to the situation, Reuters reports.

Oracle fired the workers on Friday, Reuters reports, trimming sales employees who advise clients on how to integrate the company's business management software and database programs into their operations.

Reuters reports the scale of the job cuts is far smaller than some investors had expected. Rumors surfaced last week that the company was preparing to lay off thousands of its employees. ...

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