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01 Oct 2005
First Salesforce unmasked Siebel as an overpriced solution, taking away its momentum in the CRM market, now the company is secretly poaching its employees.
In memo to Salesforce employees, chief executive promised a $5,000 signing bonus to any Siebel employee that joins Salesforce before the end of the year.
Salesforce's Benioff is betting that Siebel employees are jittery about their future after Oracle acquired the company. And if history forms any guidance, they should be. Oracle after the Peoplesoft acquisition laid off 5,000 employees at the combined companies.
Marc Benioff earlier this year
Tags: oracle, Siebel, Peoplesoft, salesforce, larry Ellison, marc benioff
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