Oracle will pass announced layoffs job cuts over 1000

Beijing on February 10th news, according to foreign media reports, people familiar with the situation said the insider, Oracle will announce a layoffs, job cuts will be more than 1000, which is the company's acquisition of Siebel Systems (hereinafter referred to as Siebel) must take measures one after.

In September last year, Oracle agreed to buy Siebel for $5 billion 850 million. Analysts said at the time, in order to improve the overall level of profitability, Oracle is bound to consider layoffs. The transaction was completed last week and 4700 former Siebel employees were added to oracle. Prior to this, the total staff of about 51 thousand oracle.

Analysts have predicted that Oracle Siebel business integration process, may be cut 1000~2000 employees, including the original Siebel and Oracle employees are likely to become the object of layoffs. Siebel business has been close to the total number of employees thriving 9000. In Oracle's acquisition of PeopleSoft last year to $11 billion 100 million (PeopleSoft), has a similar way of layoffs. At that time, the number of job cuts amounted to 5000, including Oracle employees.

Over the past 14 months, Oracle has spent nearly $20 billion M & A activity, the purpose is to challenge the German software giant SAP leadership in the field of business applications. Oracle shares rose 20 cents on Wednesday to close at $12.57.