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Oct 20 2009   9:19PM GMT

Sun to cut 3K jobs

badarrow Barbara Darrow Profile: badarrow

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.

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