A bulletin issued from Oracle headquarters in San Jose, California, yesterday morning said the global workforce of the combined company would be cut by about 5000 to 50,000. The Oracle statement in the US said termination notices were being sent out and most people would know their fate by the end of this week. PeopleSoft Australia employs about 200 people in Sydney, Melbourne, Brisbane and Canberra, with 50 in New Zealand, where 15 have already gone, a proportion industry experts expect will be roughly followed in Australia. PeopleSoft had more than 12,000 employees worldwide before the takeover.