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Saturday, January 15, 2005

Ex.Peoplesofters & The Virtual Network World

( Via Ross Mayfield ) Social networking sites have been derided as a fad without a business model. But professional networking sites need to be looked at very differently. Network members clearly see and demonstrate unique value in networking sites focused on sow and harvest professional contacts.

Ross Mayfield writes, referring to Joi pointing out an amazing causal statistic on LinkedIn:
"If you search for PeopleSoft employees who have joined in the last 30 days, you get over 3,700 results. There are 5,500 or so employees listed in total which is around half of their employees. It probably has something to do with the fact that 6,000 PeopleSoft employees are supposed to got the the axe recently". Ross adds,Socialtext is looking for good people and asking aspirants to raeach him.

I also noticed Jeff Nolan and Brad Feld also requesting peoplesoft ex employees to contact them for potential opps. Someone said that Oracle is firing 40% of peoplesoft employees while promising to maintain support for more than 90% of the peoplesoft.

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
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