Workers affected by the recent layoffs at Oracle's Redwood Shores and Peoplesoft's Pleasanton's offices can turn to their local Workforce Development Business Services, which over the next weeks will host several community employment resources forums.
Oracle on 14 January revealed that it would lay off 5,000 workers as a result of the Peoplesoft takeover. CEO Larry Ellison last week clarified that the Redwood Shores and Pleasanton offices would suffer no more than a few hundred job cuts.
Even those few hundred will mean a blow to the local economy however. Silicon Valley last year lost 1.3 percent of its jobs while workers on average faced a 1 percent pay cut, according to an annual survey by Joint Venture that will be released this Thursday.
Oursoucring is only partially to blame for the losses, Joint Venture's president Russell Hancock told Cnet. Gains in productivity are just as much a force to reckon with.
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