Oracle NetSuite has been recognized as a leading provider of financials that are cloud-based in the third quarter of this calendar year. Consequently the application has been recommended for business-to-business customers who are midsized and who are shopping for a commerce suite that is multi-tenant, value-price and easily configured and one which works seamlessly with the widely-deployed enterprise resource planning solution of NetSuite.
This comes at a time when Oracle is reportedly laying off hundreds of employees around the world. At its California facility in Santa Clara the enterprise software maker is cutting jobs numbering 950. At the end of last month Oracle filed a note with the Employment Development Department of California which revealed that victims of the layoffs had already been notified. The last day of employment for the affected workers will on October 31. However, the Santa facility will not be shutting down.
Solaris operating system
Most of the affected employees were working on the Solaris operating system as well as on Oracle’s servers. The Solaris operating system and the servers became Oracle products after the enterprise software maker acquired Sun Microsystems seven years ago at a price of $7.4 billion. Prior to the acquisition Oracle specialized in financial applications and databases.
Besides Santa Clara other Oracle offices that will be affected by the layoffs include those in India; Burlington, Massachusetts; Broomfield, Colorado; Austin, Texas; and San Diego, California. A former executive of Sun Microsystems, Bryan Cantrill, has warned that the layoffs will detrimental to the future of the Solaris operating system due to the fact that most of its engineering talent was being declared redundant.
“[These cuts are] so deep as to be fatal: The core Solaris engineering organization lost on the order of 90% of its people, including essentially all management,” wrote Cantrill in a blog post.
Oracle’s acquisition of Sun Microsystems seven years ago came as a surprise and Larry Ellison, then chief executive officer of Oracle, said that his company would use the server and microprocessor business of Sun to develop a software-hardware behemoth similar to what IBM was in the late 90s. That was not to be as server sales did not do well and hardware revenue kept falling in consecutive quarters. All this time Ellison and Mark Hurd, the co-chief executive officer of Oracle, were arguing that by focusing on premium servers the acquisition would eventually be to Oracle’s advantage.