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Technology / AI and automation

Oracle details restructuring charges

Restructuring of the Siebel operation is expected to cost $625m to $675m. The other $100m to $125m of costs relate to Oracle operations that existed before the acquisition, mostly severance costs.

Of the Siebel-specific charges, $540m to $565m relate to real-estate costs, with Siebel severance costs coming in at $60m to $85m. Of the 2,000 proposed job cuts, only half will come from the Siebel side. Oracle split job losses in a similar way following its PeopleSoft and JD Edwards acquisition.

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CBR Staff Writer

CBR Online legacy content.