Oracle has laid off around 100 contract and permanent staff from its UK media development team, vnunet.com can exclusively reveal.
On Monday, shocked staff were called in to a meeting to be informed that the UK team was being wound up and were to be given a month's notice, according to sources.
One commented: "This a complete shock. We've been working on a project for over a year and now they've just dumped a hundred of us onto the market."
In a statement given to vnunet.com today, the company said: "Oracle is focusing its development resources for media products centrally at headquarters. As such, we will no longer be running a development centre for media products in the UK."
"This is a part of our ongoing global ebusiness process improvements, which, as already announced, are expected to result in a reduction of our worldwide workforce by approximately one to two per cent."
In all, up to 870 jobs could go worldwide from the firm.
Last month, Oracle said job cuts would be "through normal attrition and regular business performance assessments". The company would not elaborate on the specifics, but experts said they thought the firm would use the process to weed out under-performing areas.
However, a week before the job cuts were confirmed, in a conference call to discuss worse than expected financial results, company chairman Larry Ellison said: "By and large, with the exception of research and development, Oracle should consistently be reducing head count in virtually every area."
The job cuts are a bitter pill for Oracle to swallow, as the company has tried to recruit laid-off dotcom staff by suggesting that it offered stability and growth.
Oracle's media development work included a partnership with the BSkyB-owned Open Interactive. Launched in late 1999, it allows subscribers to shop, play games and send email through a TV set-top box. It uses a platform partly based on Oracle8, Oracle Application Server, and Oracle Video Server technologies.
Oracle's in-house magazine claimed in March 2000 that its work with Open Interactive was one of the world's largest ecommerce implementations to date.
Uber manager raised concerns about self-driving vehicle programme five days before fatal Uber crash in Arizona
Uber manager complained about series of near misses by autonomous vehicles that had not been properly investigated
Privilege escalation bug already being exploited in the wild
NASA's Voyager 2 probe set to reveal secrets of space beyond the heliosphere as it goes interstellar
The probe is now more than 18 billion kilometres from Earth, with equipment enabling it to reveal some of the secrets of interstellar space
Four glaciers located west of massive Totten glacier have lost almost three metres of ice in height since 2008