Technology giant Oracle has announced plans to hire up to 1,700 new workers across Europe, reversing the job losses it announced after its takeover of Sun Microsystems.
The Redwood Shores-based firm says the positions will cover all levels, from graduates to senior sales staff and pre-sales consultants. The need for additional workers is a result of increased growth across its European business, it said. In its most recent financial figures Oracle reported total revenue of $35.6bn for the fiscal year, up by one-third.
The company will be recruiting via Twitter and Facebook, it announced.
After its multi-billion dollar takeover of hardware firm Sun Microsystems, Oracle cut a number of jobs across Europe and Asia, primarily to improve operational efficiency and ‘eliminate redundant costs resulting from the acquisition’, the firm said at the time.
The hiring of 1,700 new workers comes at a time when the firm is apparently cutting back on the number of acquisitions it makes. Speaking to analysts about Oracle’s latest financial figures CEO and founder Larry Ellison said there is no value in the market at the moment, particularly when it comes to younger Silicon Valley companies.
"We are able to grow through acquisitions when they are attractively priced and they make sense, and they are by and large not attractively priced now and don’t make sense, so we’re not doing them," he said. "If these assets are wildly overpriced, we can’t make a good business case for buying them. Instead we can focus our energies on organic growth."
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