via BetaNews.

Oracle today further revealed its plans for both PeopleSoft and its employees as the two companies continue to integrate. Over the next ten days, Oracle plans to slash as many as 5,000 jobs in an effort to bring the combined workforce down to 50,000.

The cuts will come in both companies, and in a bid to satisfy current PeopleSoft customers, the plan includes keeping more than 90 percent of the existing PeopleSoft development and support staff.

The technical staff will remain onboard at least long enough to give customers release 8.9 of the PeopleSoft product, and a version 9.0 upgrade.