Oracle CEO Larry Ellison steps down as CEO, Catz, Hurd named co-CEOs

Image credit: REUTERS/Stephen Lam
It's the end of an era at Oracle, as CEO Larry Ellison has been appointed executive chairman and CTO of the vendor, with co-presidents Safra Catz and Mark Hurd named co-CEOs.

Pink slips rain down on Microsoft

As had been rumored earlier this week, Microsoft lopped off a second set of jobs Thursday, cutting 2,100 positions, as part of a restructuring plan announced two months ago to eliminate 18,000 positions, or about 14 percent of the company's workforce.