Oracle major layoff planned ??

Posted: January 11, 2009 in Uncategorized
Tags: , , , , , ,

Oracle’s Major layoff plans seems to be scheduled for JAN-FEB 2009 !

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”.

Rumor : Atleast 40 employees were sacked in India last week.

Update: According to Dow Jones and CNNMoney: “Oracle Corp.’s 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.”

source : http://layoffblog.com/2008/12/18/rumor-oracle-major-layoffs-are-to-come-in-january-2009/

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Comments
  1. KAM says:

    I am in the process of joining Oracle in com vertical in India. have another offer as well. is it the right time ? can somebody with some visibility throw some light?

  2. Karthik L bhat says:

    Oh. This is really bad..
    Things are going worse day by day.

  3. DF says:

    It is always good to ping back the resource where u took all these news and updates:

    http://layoffblog.com/2008/12/18/rumor-oracle-major-layoffs-are-to-come-in-january-2009/

    Dude

  4. chetan says:

    I got offer in oracle ssi,bangalore is it a good time to join?

  5. pardeep says:

    I got offer from consultancy delivery team from oracle noida. is it a right time to join. please provice your view.

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