Oracle to Layoff 2000 Jobs

Joey Benington writes "Oracle plans to cut 2,000 jobs across the Siebel and Oracle work forces after completing its merger with Siebel last week. 'We will retain 90 percent of Siebel's support, development engineers, sales and sales consultants,' said Oracle CEO Larry Ellison. 'Most of the Siebel cuts will be in the back office, and nontechnical staff. The majority of the cuts will be Oracle people, not Siebel.'"

It started yesterday

[jerkychew]

I have several friends at Oracle. I heard yesterday that they laid off over 20 people from just one floor at my friend's building. Some of them had been there for over seven years.

Re:And no doubt Oracle's stock will rise . . .

[PinkyDead]

There's absolutely nothing screwed up about that.

Oracle and Siebel will have common administrative services - of which the new company does not need two. I'm sure they won't have two CEOs, so shouldn't that propagate the whole way down the company.

Laying those people off - while bad for the individuals - makes the company stronger and more secure. And what's the external measure of strength/security - stock price.

2000 jobs out of 55000 is, say, about 1 in 30. I work with a group of about 30 people - and on average 1 person leaves every month. I don't see why anyone would be shocked at the appalling tragedy of that.

You need to take a perspective view on this.

Re:Job Cuts seem to be in vogue

[RingDev]

This isn't a trimming for appearance, the is the buy out. Oracle bought Siebel. Both companies have accounting departments, human resources, upper management, accounts recievable, etc... There is no need to have 2 seperate accounting departments when 1 can run it just fine.

And beside, it's not like they are getting dumped into a saturated market. Silicon Valley has thousands of openings in other tech companies. Most of these people will get snatched up by Google (1000+ openings), Yahoo (500+ openings), and Sales Force (150+ openings). http://money.cnn.com/2006/02/09/technology/busines s2_orcllayoffs/index.htm [cnn.com]

-Rick

BS

[Ramjet350]

Anyone who tries to justify what Larry did is a moron. I was laid off yesterday from Denver and everyone can tell you it was not about duplicate positions. My manager told me that they never even contacted him to ask his opinion on who to let go. It was all chosen by some executives in California who just wanted to reduce numbers.

They even had the balls to tell us they might call us if they realized it was a mistake and wanted you back. Does that sound like the "ethical" way to do things for a company?