Oracle lays off 2,000 employees

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Oracle lays off 2,000 employees

Antony Savvas

Oracle is laying off 2,000 workers following its £3.43bn acquisition of Siebel Systems. Most of them being Oracle workers.

Oracle executives have announced that the total workforce will be reduced to about 55,000 employees, with Oracle promising that the job losses will have little impact on its customers.

Some of the personnel losing their jobs are back-office employees, while others are involved in Oracle’s own E-Business Suite 11i.

Others going include development staff who have worked on the company’s Project Fusion initiative, which involved integrating together Oracle and PeopleSoft products following the PeopleSoft acquisition over a year ago.

Oracle recently announced that Project Fusion was more than half complete.

The global customer relationship management (CRM) Siebel sales-force will remain intact, said Oracle.

The best Oracle CRM staff will be integrated into the global Siebel sales-force.

Oracle said most of the lay-offs will be completed over the next few weeks.


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