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.'"

I hope they paid their..

[IAAP]

Christmas CC bills!

FTFA: Delivery of the layoff notices has already begun, and the bulk of the pink slips will be handed out in the next few weeks

I think it's better to get canned before Christmas. That way, you don't rack up a shit load of credit card debt.

Market forces

[secretsockpuppet]

And Oracle India has been adding thousands of staff during past couple years.

http://www.dqindia.com/dqtop20/2004/compdetails.as p?rank=19 [dqindia.com]

Good old market forces in action, folks. Nothing to see here, move along

CFO says 100%, CEO says 90%

[Jivha]

I don't know how many people noticed the subtle differences between what Safra Catz, Oracle CFO said and what Larry Ellison, its CEO said.

"We will retain...Siebel's product development and product sales and marketing teams," said Catz.

"We will retain 90 percent of Siebel's support, development engineers, sales and sales consultants," said Oracle CEO Larry Ellison. Obviously Catz is the one who must be lying because no one would be daft enough(no, not even Ellison) to say 90% if it were really 100%. Makes you wonder how much trust should be placed in corporate annoucements.

Saving some money for a shopping spree?

[tanguyr]

http://www.businessweek.com/technology/content/feb 2006/tc20060209_810527.htm [businessweek.com]

Re:Its People!

[lucabrasi999]

I believe the preferred term is "made redundant".

That's too English. I can do so much better:

"Workforce Re-allocation"
"Re-Engineering"
"Right-Sizing"
and my personal favorite: "Resource Action"

How to survive - long-term

[IAAP]

Will be through ownership. I detest this treatment of people like cogs as much as anyone, but the way survive this globalization trend is to become one those owners.

It's the owners who are receiving the benfits of this mentality who are going to win with globalization - not the workers. They're fucked. Labor, including smart people (90th percentile - .1*1 billion = 100 million very smart people in India alone!), is a commodity, now.

Another avenue is creativity. Not just the artsy folks, but being creative with new products and services and try to create your own asset to own.

Just what I've been hearing from folks who are making it in this new economy.

Layoffs because of open source?

[DogDude]

I know that this could never be measured in any kind of way, but I have to wonder... how many of these 2000 jobs lost are a result of open source competition? Are these jobs the direct result of Postgre SQL giving away their product? Is this the start of the decline of IT as we know it, because of Free software?