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Today’s Hot Layoff Topics

Thursday, September 17th, 2009
Tags: Oracle | IBM | Microsoft | Cisco | AIG | Apple | H1B | Facebook | Sun Microsystems

EU Could Increase Oracle’s Challenge Integrating Sun Micro

Wednesday, September 2nd, 2009

The prospect of an in-depth European antitrust review of its acquisition of Sun Microsystems Inc.  could add to the challenges Oracle Corp. faces integrating the server, storage and software giant.

The European Commission, the European Union’s competition body, is hesitating on whether to clear the database giant’s $7.4 billion deal to buy Sun or launch a full probe that could take up to four months to complete, according to a person familiar with the authority’s thinking. The commission must decide by the end of Thursday.

Source: DowJones, WSJ

Oracle plans to lay off up to 1,000 in Europe

Thursday, July 2nd, 2009

Oracle Corp plans to lay off up to 1,000 workers in Europe, or about 1 percent of its global staff, as the recession erodes the giant software company’s earnings, French news agency AFP reported on Thursday.

Source: Reuters

Oracle 4Q Net Down 7.2%

Tuesday, June 23rd, 2009

Oracle Corp.’s fiscal fourth-quarter profit declined 7.2% as the stronger dollar continued to weigh on results. New license revenue, a key measure of software growth, dropped 13%. Oracle’s stock has been rebounding since hitting a three-year low in March, shares were up 2.8% to $20.44

Source: WSJ

Oracle expected to axe jobs after Sun deal

Monday, April 20th, 2009

According to ComputerWorld: “More layoffs are expected at Sun Microsystems Inc. as a result of Oracle Corp.’s planned $7.4 billion acquisition, with one Wall Street analyst predicting today that as many as 10,000 people could lose their jobs at the Silicon Valley icon.”

Oracle-Sun deal

Monday, April 20th, 2009

Update 1 (4-20-2009)
According to Reuters: “Oracle Corp plans to enter the computer hardware market by buying Sun Microsystems Inc for more than $7 billion, swooping in after Sun’s talks with IBM fell apart.”

Update 2 (4-20-2009)
According to Reuters: “Microsoft’s chief executive said on Monday he was ‘very surprised‘ by Oracle Corp’s plans to buy Sun Microsystems Inc.”

According to WSJ: “Given Sun’s relatively low operating margins, there’s no doubt plenty of fat to cut in areas like sales and marketing.”

According to ComputerWorld: “More layoffs are expected at Sun Microsystems Inc. as a result of Oracle Corp.’s planned $7.4 billion acquisition, with one Wall Street analyst predicting today that as many as 10,000 people could lose their jobs at the Silicon Valley icon.”

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Today’s Hot Layoff Topics

Tuesday, March 24th, 2009
Tags: Oracle | IBM | Microsoft | Cisco | AIG | Apple | H1B

Yet Another Scandal for ‘India’s Enron’ (Satyam Computer Services)

Monday, February 9th, 2009

According to FoxNews: “Satyam Computer Services Ltd., the Indian tech giant at the center of a $1 billion executive fraud and a World Bank ethics scandal, is involved in yet another kind of debacle — this time at the United Nations’ public health arm, the World Health Organization (WHO).

At issue is Satyam’s role in the development of a $55.5 million global business management system for WHO, which was slated to become the master control for staffing, financial payments and procurement by the organization by an initial deadline of September 2007.

That deadline has long since passed, and instead, according to documents obtained by FOX News, the project is far behind schedule, wallowing in glitches that have deeply affected WHO operations, and, despite management claims to the contrary, likely to end up far exceeding its budget.

Moreover, according to the documents, in the push to get at least part of the system up and running by last summer, Satyam ignored the instructions of the software’s manufacturer, Oracle, for implementing the complex system; ran user tests that validated the system without “being able to replicate a real-life situation,” provided little or no training to WHO employees; and failed to adequately involve health care professionals who see the system as a vital tool, among a host of other failings.”

(Rumor) Oracle: Major layoffs are to come in January 2009

Thursday, December 18th, 2008

According to rumors from different sources: “There were several layoffs reported between November - December, 2008 in Oracle’s North America consulting unit. The reduction in force included 140 IT consultants specializing in Siebel, E-Business Suite, PeopleSoft, J.D. Edwards, and Hyperion products.”

Rumor: “A bunch of people were laid off from Oracle’s business units including utility and retail. Major layoffs are to come in Jan 2009″.

Rumor: “at least 2 people were laid off from PeopleSoft/Oracle unit with no warning.”

Rumor: “20% of the Education staff was let go”.

Update: According to Dow Jones and CNNMoney: “Oracle Corp.’s (NASDAQ: ORCL) fiscal second-quarter net income fell slightly, with the stronger dollar dragging on revenue and profitability.
Revenue for the quarter was lower than Wall Street expected, reflecting both the currency impact and weaker information-technology expenditure, but cost control and a strong flow of maintenance support revenue helped Oracle hit its quarterly earnings per share guidance.”

Update 2 (1-09-2009): According to rumors:

  • SAP layoffs: “A source reports that SAP is making some deep cuts in SAP’s Strategic Growth Enterprise (SGE) unit (focused on the SMB space). A 300 sales-related positions were affected in North America.”
  • Infor layoffs: A source reports that “Infor just laid off a staggering 85% of their senior managers and executives across UK and Europe.”

Update 3 (1-11-2009):

  • India’s Oracle office in Bangalore lays off 40 people, according to The Time of India.
  • Oracle India has an extensive network of more than 400 channel and alliance partners in India, which includes Infosys, Satyam, Sonata, Tata Consultancy Services and Wipro.

Update 4 (1-12-2009):

  • Reports said that after the acquisition of i-Flex, Oracle was planning to lay off almost all employees of that company, though the decision was scrapped after intervention of Oracle’s management, as the layoff of all i-Flex employees could project a failure of the acquisition, according to rumor

Update 5 (1-13-2009):

Update 6 (1-13-2009):

  • Oracle cut around 500 positions in its North American sales and consulting businesses last Friday (January 9, 2009), according to WSJ and other sources.
  • Investors had anticipated a larger scale of the job cuts thanks to the rumors last week that the company was aiming to eliminate thousands of its employees, according to Yahoo Finance
  • Oracle  employed 86,657 globally at the end of November.

Update 7 (7-2-2009):

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