On Thursday, Oracle laid out its plans for integrating Siebel Systems, including a layoff of some 2,000 employees, CNET News.com reports.
Oracle and Siebel closed a merger deal last week for $5.85 billion, and according to Oracle Chief Financial Officer Safra Catz, the combined company will cut 2,000 jobs from its workforce, CNET News.com reports.
For more on the merger’s closing, read Oracle Buyout OK’d By Siebel Shareholders.
“We will retain…Siebel’s product development and product sales and marketing teams,” Catz told CNET News.com.
The layoffs were no surprise to observers, many of whom expected Oracle’s customer relationship management employees to catch the brunt of the damage, CNET News.com said.
“We will retain 90 percent of Siebel’s support, development engineers, sales and sales consultants,” said Larry Ellison, Oracle’s chief executive. “Most of the Siebel cuts will be in the back office, and nontechnical staff.”
When all is said and done, Oracle will have a global workforce of roughly 55,000.
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