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Business software giant Oracle has said it will cut 2,000 jobs, or 3.5 per cent of its global workforce, as it tries to save costs following its $5.85 billion purchase of Siebel Systems.
After the latest cuts, Oracle will have 55,000 employees worldwide, the California-based company said.
Oracle said layoff notifications have begun and the majority will be completed over the next few weeks, the San Jose Mercury reported.
The company did not give details on locations of the layoffs. Oracle inherited 4,700 employees from Siebel.
Larry Ellison, chief executive of Oracle, said more than half the job cuts will come from the Oracle side. "Less than half of them come from Siebel," Ellison told analysts.
Many of the layoffs will come from the customer relationship management software area on the Oracle side.
Siebel, which was also headquartered in the Bay Area, develops software used for tracking and managing sales and customers.
Oracle said it is keeping about 90 per cent of Siebel's product development, product support and sales teams.
The Siebel purchase comes a year after Oracle bought PeopleSoft for $10.3 billion. The deals are part of Oracle's plan to expand beyond its core database software business and into applications software, used to run operations like finance, inventory, and customer management.