Sun cuts 3,000 jobs as Oracle takeover twists in regulator limbo

Sun cuts 3,000 jobs as Oracle takeover twists in regulator limbo

Summary: Oracle hasn't completed its Sun Microsystems acquisition yet, but the restructuring is already underway.In a regulatory filing, Sun said Tuesday that it will lay off 3,000 workers across the globe.

SHARE:

Oracle hasn't completed its Sun Microsystems acquisition yet, but the restructuring is already underway.

In a regulatory filing, Sun said Tuesday that it will lay off 3,000 workers across the globe. The company added that it had to restructure as it waits for Oracle's purchase of the company to be approved by regulators---notably the European Union.

The filing with the Securities and Exchange Commission reads (Techmeme):

In light of the delay in the closing of the acquisition of the Company, approved a plan to better align the Company’s resources with its strategic business objectives, including reducing its workforce across the North America, EMEA, APAC and Emerging Markets regions by up to 3,000 employees over the next 12 months (the “Restructuring Plan”). The Company expects to incur total charges ranging from $75 million to $125 million over the next several quarters in connection with the Restructuring Plan, the majority of which relates to cash severance costs and is expected to be incurred in the second and third quarters of the fiscal year ending June 30, 2010.

Also see: Oracle tries to stop Sun’s bleeding: Is it too late?

Topics: Oracle, Banking, CXO, Government, Government US, IT Employment

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

7 comments
Log in or register to join the discussion
  • the culprits should be called out

    This hardship imposed on Sun's employees and stockholders is due to the instigations from the M$ agents infiltrated in the EU commision.
    Once these agents are exposed and purged, the deal will go through and OSS will prosper again.
    Linux Geek
    • Your standards are slipping.

      Usually it's actually somewhat plausible you really believe the crap you post.
      njoho
    • No it was due to Sun management

      The only thing they were good at was lobbing insults against MS and creating slogans around open source.

      otaddy
      • the management was good

        they have M$ cornered but underestimated the ability of M$ to bribe and place moles in foreign governments.
        Also, if the economy would not have been ravished by tax and spend democrats, Sun would be profitable and nobody would lose their jobs at Sun.
        Linux Geek
        • Feeding TIme!

          for trolls, that is. Really, really stupid trolls. It wasn't democrats who "ravided the economy". It was robber barons empowered by the Republican-dominated federal governments refusal to enforce even existing regulations who caused the economy to crash and burn.

          But I will bet this troll believes all the Rethuglican propaganda easily, because he has never taken a real class on economics, not even at the high school level.

          Did you even finish high school, troll?
          mejohnsn
    • Please don't feed this troll (nt)

      honeymonster
    • Starting with You

      You are the culprit who should be called out. Or are you really so paranoid and clueless that you could believe MSFT could infiltrate the EU?
      mejohnsn