Thursday, February 09, 2006

Welcome to Oracle, Siebel!

Last week the long-awaited $5.58B merger closed as Larry gobbled up Siebel ystems. One of the first welcome messages delivered to the new staff was a plan to cut 2,000 jobs across the company.

The jobs will hit the old Seibel hardest with focus on non-technical, back-office jobs. "We will retain...Siebel's product development and product sales and marketing teams," said Safara Catz, Oracle’s CFO.

"We will retain 90 percent of Siebel's support, development engineers, sales and sales consultants," said Larry Ellison, Oracle’s CEO. The layoff was expected, but concerns about customer support for the CRM system is brewing in the market space.

With the job cuts, Oracle will be left with a global work force of 55,000 employees. If you are looking for experienced CRM staff in San Mateo, CA, you will have plenty of good people to choose from.


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