Oracle Layoffs Coming?

well, if this is true it will further reiterate my view on the false sense of stability when you’re hiding in a big company.

Oracle Layoffs Coming?:

  • No developers are being hired in the U.S., all new hires are in India.
  • As many as 7,000 developers in the U.S. could be laid off.
  • The bulk of the layoffs will happen in Feb.
  • Large group in the Siebel FG&A group will be let go when that acquisition closes. About 16% of the total Siebel workforce will be let go.
  • Severence for Siebel employees will be 6 months, Oracle folks will get 1 week for each year of service.
  • No layoffs in sales, support, or consulting.

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