The merger of JD Edwards and PeopleSoft will not lead to mass redundancies, insists PeopleSoft CEO Craig Conway as he met with JD Edwards staff for the first time this week.
Conway spent several hours on Monday meeting with JD Edwards employees and disputing analysts estimates that the merger could lead to the loss of 750 to 1,000 jobs. "There's an apprehension that Denver is somehow going to wind up in a net loss of people or facilities and the reality of it is the exact opposite," he said.
He conceded that some employees at the two companies will find themselves in duplicate jobs. "But the next thing you do is not fire one," Conway said. "You look for where else is there an opportunity to use that person. And that's the approach we're going to use."
Conway also insisted that he had stopped even thinking about the ongoing hostile takeover bid by Oracle. "Oracle saying they're still interested in acquiring PeopleSoft with J.D. Edwards is like me saying I'm still interested in playing in the NFL," he said.