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Oct 20 2009 9:19PM GMT
Posted by: Barbara Darrow
IT channel products and technologies, Barbara Darrow, Oracle, Sun, layoffs
Sun to cut 3K jobs
Posted by: Barbara Darrow
IT channel products and technologies, Barbara Darrow, Oracle, Sun, layoffs
Guess Larry Ellison wasn’t kidding about Sun Microsystems bleeding red ink while European regulators weigh Oracle’s buyout plan.
In an SEC filing, Sun said it will cut 3,000 jobs worldwide over the next year. That’s about 10% of its urrent headcount. More on the Sun layoffs here.
Last Sunday, Oracle CEO Larry Ellison told thousands of Sun and Oracle customers at Oracle OpenWorld that Sun was losing $100 million a month while the European Commission considered Oracle’s $7.4 billion buyout of the hardware and Java maker.
Check out more IT channel news on SearchITChannel.com.
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