Jobs go at Oracle (& Peoplesoft) after takeover

BBC has the story that Oracle is laying off people after Peoplesoft's takeover. They're cutting some 5000 jobs but maintain that 90% of Peoplesoft's staff would retain their position...
"Hours before Friday's announcement, there was a funereal air at Peoplesoft's headquarters, reported AP news agency. A Peoplesoft sign had been turned into shrine to the company, with flowers, candles and company memorabilia.
"We're mourning the passing of a great company," the agency quoted Peoplesoft worker David Ogden as saying. Other employees said they would rather be sacked than work for Oracle."
We'll see, anyone want to make predictions?

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