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8th May 2019

Oracle to shut Chinese R&D base

Oracle

Oracle Corporation will shut down its research and development arm in China with the loss of 900 jobs, according to reports. Oracle’s R&D centre in Beijing will be worst affected, with 500 layoffs.

Oracle’s Asia Pacific arm accounts for around 16% of the company’s total revenues.

https://zd.net/2XziWrO

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