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Last Updated: Friday, 10 February 2006, 12:55 GMT
Oracle set to fire 2,000 workers
Larry Ellison, Oracle chief executive
Oracle wants to be the biggest business software company
US software company Oracle is to fire 2,000 workers, or about 3% of its global workforce, as it looks to trim costs following its latest takeover.

Last year, Oracle paid $5.85bn (3.3bn; 4.9bn euros) for Siebel Systems, taking on 4,700 of its rival's workers.

The reduction in head count is set to save Oracle, which sells software and services to automate tasks such as accounting, at least $400m a year.

Oracle has bought firms worth almost $20bn as it expands its business.

Clearer outlook

At the end of 2004, Oracle agreed to buy PeopleSoft, bringing to an end a bitter takeover battle that had rumbled on for some 18 months.

Following that move, the company also trimmed back its workforce and reorganised its businesses.

Oracle's chief financial officer Safra Catz said the company would employ about 55,000 workers following the cuts.

Chief executive Larry Ellison said that about 90 percent of Siebel's customer support, engineering and sales staff is being retained.

Most of the cuts will be among the Oracle developers working on customer relationship management software, he said.

Oracle already informed many of the workers who are losing their jobs and expects to complete the layoffs during the coming weeks.


SEE ALSO:
Oracle to buy Siebel for $5.85bn
12 Sep 05 |  Business
Peoplesoft boosts Oracle profits
29 Jun 05 |  Business
Oracle profit dips on Peoplesoft
23 Mar 05 |  Business
Oracle seals $10bn Peoplesoft bid
13 Dec 04 |  Business
Ruling delayed in Peoplesoft case
24 Nov 04 |  Business
Peoplesoft rejects new Oracle bid
21 Nov 04 |  Business


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