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Oracle to hire 2000 software professionals in India
By siliconindia
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Thursday, 27 February 2003, 20:30 IST
SILICON VALLEY: Oracle Corporation plans to hire about 2,000 lower-paid software developers in India in the next two years.
Oracle's growing employee base in India and China is part of an increasing trend to shift operations, especially support operations, to lower cost developing countries, according to the Silicon Valley Business Ink report.
In last two years, Oracle cut some 1,000 jobs in North America.
Oracle employs 2,460 people at offices in Hyderabad and Bangalore. The publications said that the additional 2,000 proposed jobs in India come as Oracle makes cuts to its bottom line, as revenues for the fourth quarter of 2002 fell 7 per cent compared to the previous quarter.
Despite Oracle's 10-K statement, Oracle spokeswoman Jennifer Glass told the magazine that hiring 2,000 software developers in India was not shifting jobs out of the US, nor a cost-cutting strategy, while acknowledging that there were cost benefits to moving jobs offshore.