Oracle NZ jobs safe for the moment

Plans by Oracle to cut its global workforce by up to 850 employees shouldn't affect New Zealand although an Australian spokesman was unwilling to deny local and regional job cuts.

Plans by Oracle to cut its global workforce by up to 850 employees shouldn't affect New Zealand although an Australian spokesman was unwilling to deny local and regional job cuts.

Oracle New Zealand managing director Leigh Warren says the layoffs, which amount to roughly 2% of the worldwide force, would probably hit the consultancy division hardest.

"We're not considering lay offs at this stage and shouldn't be affected by the decision," says Warren although he wouldn't rule out any in the future.

"These are difficult times and economies are tight. Predicting how things will go in the future is always tricky."

Oracle New Zealand employs 130 people at its two offices in Auckland and Wellington of which roughly 45 are part of the consulting division.

An Oracle Australia spokesperson wouldn't discuss regional cuts, claiming no further information was forthcoming from US headquarters.

The cutback follows a decline in both revenue and profits during Oracle's second quarter ended November 30. In mid-December the company reported second-quarter revenue of $US2.4 billion, down from the year earlier total of $US2.7 billion. Net profit in the quarter fell from $US622.8 million to $US549 million.

The layoffs are the second round of job cuts made during the past 12 months by Oracle, which announced a similar workforce reduction last March. Compared with the restructuring moves at many other top technology vendors, though, Oracle's cutbacks have been relatively small.

AMR Research analyst Peter Urban said the layoffs appear to be part of the

general slowdown in technology business.

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