Oracle outlined its integration plans for Siebel Systems on Thursday, with 2,000 job cuts among the most notable tasks at hand.
Oracle, which closed its $5.85 billion merger with Siebel last week, plans to cut 2,000 jobs across the Siebel and Oracle work forces, Oracle Chief Financial Officer Safra Catz said during a conference call with analysts.
"We will retain...Siebel's product development and product sales and marketing teams," said Catz.
The layoffs had been expected, with many observers thinking the cuts would hit Oracle's customer relationship management employees the hardest. Oracle had previously said it would use Siebel technology as its core CRM product.
"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."
Ellison added that Siebel's sales force will remain intact as a separate CRM sales team, given that Siebel had a larger CRM sales group. Some Oracle CRM sales representatives will be folded into the group.
With the job cuts, Oracle will be left with a global work force of 55,000 employees. Delivery of the layoff notices has already begun, and the bulk of the pink slips will be handed out in the next few weeks.
For Oracle, mapping out integration plans is becoming a common occurrence, as the database and applications giant continues its aggressive acquisition efforts.
The database and applications software giant is interested in snapping up middleware and business intelligence companies, Ellison said during an investment conference Wednesday.
Last September, Oracle announced plans to acquire G-Log, a maker of logistics and transportation management software. And earlier in the year, Oracle won a bidding war for retail applications software maker Retek.
A press release last month said that they're adding 1400 people in India - the release does say though that these will not be replacements for staff displaced in the West.
the last thing companies consider is the immigration status of employees.
While companies usually don't directly replace US position with offshore, they do move responsibilities offshore and have US hire freeze and offshore hire period.
Dude! they laid 100 people today in the Indian offshore sales division, so even though its 10 indian heads for the price of one american one, they still trim the hedges when Uncle Larry and Aunt Safra want to.
Chinese authorities have reportedly taken iPads from a third-party retailer, a move apparently brought on by Apple's continued refusal to honor a trademark for the iPad name owned by a Chinese manufacturer.
NY professor believes that a word-based algorithm can help bring together those who believe, with one glimpse, that they have found and lost the love of their lives.
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Along with green-lighting Google's buy of Motorola, the Justice Department today OKs an Apple-Microsoft-RIM partnership deal to buy Nortel patents, and Apple's plan to acquire Novell patents.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
This week, we pass around Sony's new PlayStation Vita for some hands-on testing, check out HP's newest Beats Audio laptop, and debate the best and worst Valentine's Day gadget gifts.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
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don't lay off any of their H1-Bs.
Now you know why they are laying off all those people
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While companies usually don't directly replace US position with offshore, they do move responsibilities offshore and have US hire freeze and offshore hire period.