Afternoon Coffee: Oracle CEO Foresees Jump in Corporate IT Spending, Amazon Thins its Corporate Workforce

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The U.S. corporate tax cuts enacted last year are going to have a positive impact on businesses IT spending, according to Oracle CEO Mark Hurd. As the Wall Street Journal reports, Hurd told attendees at Oracle’s CloudWorld event that companies are finally acknowledging their backlog of decades-old IT systems, and the recent tax windfall, along with strong global economic growth, has made companies more willing to spend.

Amazon Layoffs

While recent headlines about Amazon have mostly focused on the company's frantic growth, today a more somber note emerged. As the Seattle Times reports, Amazon is laying off hundreds of employees at its corporate headquarters, mainly those supporting its consumer retail businesses. The cuts, however, are minor compared with Amazon's recent growth: the company’s Seattle headcount recently broke 40,000, up from just 5,000 in 2010.

UPS Negotiations 

Contract negotiations between UPS and the Teamsters union continue to turn heated, Logistics Management reports. Among the demands causing contention is that UPS be able to require new workers to use their personal vehicles to deliver packages.

U.K. Inflation 

And finally, an economic update from across the pond: Inflation in the U.K. held steady at 3% in January, Bloomberg reports, with drops in fuel and food prices taming other increases.

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