You can't fund $10.5 billion hostile takeovers without making cuts somewere -
fast, once you've won - to recoup your expenditure, obviously. Employees of
PeopleSoft are about to discover, possibly as early as today, that thousands of
them are about to play a leading role in that process.
Although Larry Ellison has promised Oracle will be supporting PeopleSoft's
products for the next 10 years, that hasn't blunted his determination to
dispense with a huge number of its employees. When the stock market closes
today, Oracle will announce the casualty figures, certain to be "several
thousand" according to rumors and likely to be as many as 4,500.
CBS Marketwatch is reporting that today's cull may be less dramatic than
that, but on the other hand concedes that - over time - the tally of jobs axed
by Ellison is likely to climb to more like 6,000, as Oracle rationalizes the
combined company.
PeopleSoft ended 2003 with 12,000+ employees, according to to its latest
regulatory filing. So 6,000 job losses means PeopleSoft is likely very soon to
end up halved in size.
About Oracle News Desk Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.
kathy wrote:
Unfortunately, we are
having a problem in
contacting anyone this
morning because of this
axing of Peoplesoft
employees -- Somehow,
someone forgot about the
customers that still need
support during this time
-
fletch wrote: I agree
with the comment besides
the core DB...Oracle
systems stink. ERP
market is mostly all the
big players already have
one(SAP) and aren't
switching. Little
players want something
cheap that works...read
this as MS. Let's see
Oracle is expensive,
stinks at most things and
now has shown they are
dirty players..hmmm sure
they will be selling
lot's of nothing. The
layoffs have just begun
and this Barbarian
takeover shows that.
SQLServer(P.S. every new
software product I see
now does SQLServer 1st
and maybe Oracle not as
well), and MySQL in 5 to
10 kick them to Niche
high-end. Good luck
Oracle.
Joseph B Cohen wrote:
Just a thought - are any
of you guys who are not
upset about these job
losses - paying a
mortgage, a new car,
braces for the 13-year
old, thinking of taking
the spouse on a vacation
or just wanting that new
iPOD ? And of course your
a college grad, say about
45 years old, college
degree in Computer
Science and 15 years on
the job experience. Sure
you can get a new job.
DOING WHAT ???
IT Guy wrote: What did
you expected? I am
amazed at the bunch of
cry-babys that complain
about a situation like
this one. Oracle a bad
guy? What do you have to
say about Microsoft
anti-competition
practices? What do you
have to say about Sun
axing their own by
hundreds (not due to a
take-over, but nad
strategy)? I mean,
please, what did you
expected? What Oracle
did might not be of our
"taste" but it is a
reality that is taking
place in the industry.
All of us can be
casualties of mergers
like this one. Don't like
it? Move to another
field, or maybe consider
opening your own
business. Who knows you
might get lucky and Billy
"Bad Boy" Gates, or mr
Ellison himself buys your
company and you can make
a lot of $$$$, isn't that
the "American Dream"
(make a lot of money
fast)?
Just a comment.
BTW, to JDJ ... the tone
of your article is the
one I will expect to find
in a cheap tabloid.
anti-socialist wrote: I
agree whole heartily that
we must not condone
business practices that
take advantage of people
in China where communism
and corruption are the
norm, but I don't blame
any business for
utilizating cheap labor
in places like India. (I
work for a company that
outsources alot of
technical work to India
and hires H1 visas in the
USA.) In response to
James Verry: Why are we
americans entitled to a
job or a standard of
living any more than any
other human on the
planet? You're already
lucky enough to born in
this free country -- I
know by your comments you
aren't an immigrant. You
should be thankful for
that!
Larry Ellison is free to
run *his* business
however *he* feels in
order to generate a
profit -- the sole reason
anybody has a business --
so long as he stays
within the laws set forth
in this cou...
An observer outside US
wrote: I think Oracle´s
agressive pricing over a
almost monopolized
database market will just
kill their dominance.
Just keep an eye on
MySQL... As far as I can
see, it´s just time to a
good open source ERP
shows up too.
America Is Going to Dell
in a Handbasket wrote: I
do not understand the
first poster here. What
is his point with this
statement:
"Quit bashing Larry
Ellison for employing the
50K+ employees he
employees around the
world and focus on the
companies that take
advantage of the people
in countries without
Labor laws such as
China".
This seems to be a
statement from an
uninformed individual.
So now, I shall endeavor
to educate:
http://news.com.com/Oracl
e+pushing+development+in+
China/2100-1001_3-935279.
html
King Larry's new clothes
are nothing but more of
the same. No matter how
one kow-tows to him, the
facts are that he is
exporting jobs to China,
as so many other
multinationals are.
Indeed, let us focus on
the companies that take
advantage of the people
in countries without
Labor laws such as China
- companies such as...
James Verry wrote:
Hostile takeovers should
be illegal. Mass laidoffs
should not be allowed.
Outsourceing to foreign
countries should also be
illegal. All of these
things hurt the American
economic in the long run.
Good paying are
disappearing, this in
turn will reduce the
spending power of the
American public, causing
further reduction in the
manufacturing sector.
As for mass laid-offs,
companies that do this,
should pay the laid-offed
employee for 3 to 5 years
at 85% of their pay plus
benefits. Add to this
retraining, relocation,
and job placement should
be paid for by the
company who laid off the
employee.
working for the MAN
wrote: Although I wish
Larry Ellison was as
generous as Bill Gates, I
harbor no ill-will for
him. I agree with the
"anti-socialist"! Free
enterprise is the best
system out there.
anti-socialist wrote:
entitlement / job
protectionism / communism
is whats killing this
country... free
enterprise and capitalism
means we all are free to
start a business, and, as
long as we obey the laws,
operate it to turn a
profit. There is no law
that says you can't buy
out your competition...
there is no law that says
you must hire
employees.... there is no
law that say you must pay
your employee a certain
wage.... there is no law
that says you must share
your wealth... there is
no law that says you have
to treat your customers a
certain way... there is
no law that says you have
to be fair...however,
most of the points above
are good business
practice
I am not a rich person
nor a business owner -- I
work for somebody else
like 98% of the American
population. If my company
lays me off, I thank them
for the time and...
Justin Utter Dataserf
wrote: The bloodshed is
not limited to
Peoplesoft. I'm within
firing range of the
Oracle cylinders (aka,
Redwood Shores, site of
Lake Larry), and I'm
getting splattered by
blood. Many long-time,
smart, loyal Oracle
employees have just been
given their walking
papers, too. Larry
Ellison and his
high-ranking
"execut[e-]ives" are the
most vulgar of the new
vulgarians, slaves to
their acquisition of
material wealth at any
cost: These guys don't
want to build a company;
they just want to feed
off the carcass. Oh, and
by the way--most of the
products beyond the core
Oracle database
absolutely stink. I can
see the gnats swarming
over there now...
Bloody Friday wrote:
"Pink slips" - ugh that's
very impersonal. Very
efficient but pretty
cold, wouldn't you say?
Evil Emperor Ellison
hasn't lost his touch.
also this wrote:
according to IDC recent
announcements by Oracle
that there are "other
acquisitions" the company
could make (in addition
to PeopleSoft) may prove
strategically wiser than
previously thought...
also this wrote:
according to IDC recent
announcements by Oracle
that there are "other
acquisitions" the company
could make (in addition
to PeopleSoft) may prove
strategically wiser than
previously thought...
strohs3822 wrote: I have
friends that are
consultants. They seem to
have the feeling that the
majority of consultants
will not get the axe. Any
thoughts about that? I'm
talking about the Calif.
based.
cazzie_the_man_98 wrote:
What a long strange trip
it has been. Last one out
please turn off the
lights.
It will be interesting to
see what comes out on the
other end of this mess
Oracle has made!
kollaborateordie wrote:
Ellison isnt gonna keep
the JDE practice
(regardless of what he
officially says). It will
go out for confidential
bid (if it hasnt
already)...It will happen
in 90-120 days, possibly
sooner.
halfmoonbayguy wrote:
///So, will he sell JD
Edwards off now, too? ///
No way. That package
includes Distribution and
Manufacturing, something
PeopleSoft wanted to
complete their ERP
universe, and something
Oracle doesn't have
that's worth anything.
While EDI transactions
account for most
worldwide commercial
activity, XML-based
alternatives are
beginning to gain
traction. According to
Forrester Research,
stateful XML, stateless
XML, and even flat file
exchanges are all
projected to grow at a
faster rate than EDI over
the next few
From Application
Virtualization to Xen, a
round-up of the
virtualization themes &
topics being discussed in
NYC June 23-24, 2008 by
the world-class speaker
faculty at the 3rd
International
Virtualization Conference
& Expo being held by
SYS-CON Events in The
Roosevelt Hotel, in
midtown
Red Hat is a trusted
open source provider.
Red Hat offers enterprise
customers a long-term
plan for building
infrastructures on the
quality and innovation of
open source. Combining
open source operating
system platform, Red Hat
Enterprise Linux,
together with
applications, management
JustSystems announced
that it is contributing
intellectual property
rights for its invention
of eXtensible Business
Reporting Language (XBRL)
rendering technologies to
XBRL International, the
standards body
responsible for the
oversight of the XBRL
specification. The
invention, known a
JustSystems announced its
campaign to help
organizations adopt XBRL
(eXtensible Business
Reporting Language), the
XML-based standard for
communicating financial
and business information.
In related news,
JustSystems also
announced that it has
contributed intellectual
property rights of
SUBSCRIBE TO THE WORLD'S MOST POWERFUL NEWSLETTERS
SUBSCRIBE TO OUR RSS FEEDS & GET YOUR SYS-CON NEWS LIVE!
Click to Add our RSS Feeds to the Service of Your Choice:
About Newsfeeds / Video Feeds
.gif)
While EDI transactions
account for most
worldwide commercial
activity, XML-based
alternatives are
beginning to gain
traction. According to
Forrester Research,
stateful XML, stateless
XML, and even flat file
exchanges are all
projected to grow at a
faster rate than EDI over
the next few
From Application
Virtualization to Xen, a
round-up of the
virtualization themes &
topics being discussed in
NYC June 23-24, 2008 by
the world-class speaker
faculty at the 3rd
International
Virtualization Conference
& Expo being held by
SYS-CON Events in The
Roosevelt Hotel, in
midtown 
Red Hat is a trusted
open source provider.
Red Hat offers enterprise
customers a long-term
plan for building
infrastructures on the
quality and innovation of
open source. Combining
open source operating
system platform, Red Hat
Enterprise Linux,
together with
applications, management
