Oracle Says 2,000 Will be Hired
With more than 15 million Americans out of work, 2,000 new jobs may seem like a drop in the bucket, but these days, every little bit helps. If every major company in America created that many positions, we'd all be sitting pretty. That's why it's cause for hope when a company like Oracle, which employs more than 83,000 people worldwide, announces that it's adding thousands of new positions.
This is especially good news as Oracle takes over Sun Microsystems, with analysts predicting as many as 14,000 layoffs as a result of the merger. No Sun cuts have been announced yet, and even co-founder and chairman Scott McNealy is expected to stay on, although his role in the new company has not been made clear. Sun CEO Jonathan Schwartz is expected to resign. Surely there will be some layoffs at Sun, but the hirings at Oracle are predicted to offset them by far.
"The news is we're hiring, not firing," said Oracle CEO Larry Ellison, from company headquarters in Northern California's Silicon Valley. The majority of those jobs will be in sales and engineering.
Oracle, in fact, has big plans for the company after its $7.4 billion takeover of Sun Microsystems. Eillison says they'll use use the same strategy that made IBM a global power back in the early '60s: Delivering a comprehensive suite of technologies that includes both hardware and software. Ellison declared that he expects Sun to make a $1.5 billion profit over the next year, merging Sun and Oracle products seamlessly. He predicts it will take more employees, not less, to achieve that.