Sun to Hand Out 3,000 More Pink Slips

RSS Geeks · 10-21-2009, 10:45 PM

In a filing with the U.S. Securities and Exchange Commission on Tuesday, Sun revealed it plans to eliminate up to 3,000 jobs, or about 10 percent of its global workforce, ZDNet Asia reports.

This marks the second major round of job cuts in a year for Sun, who last November announced plans to reduce its workforce by up to 6,000 jobs, or 18 percent of its global staff, in a major restructuring effort. Those cuts were already disclosed by the time Oracle announced its $7.4 billion takeover bid for the struggling server maker.

As the Oracle deal sits in limbo awaiting approval from the European Commission things could get even worse for Sun.

"Sun is losing $100 million a month, we'd like to get this thing done," Larry Ellison, CEO for Oracle, said at an industry gathering in Silicon Valley last month.

Oracle has so far remained quiet about the latest round of job cuts taking place at Sun.

Image Credit: whiteoaksblog.com

Integeeks.com
Source: Maximumpc

10-21-2009, 10:45 PM	#1
RSS Geeks Rss Robot Join Date: Dec 2008 Posts: 6,715	Sun to Hand Out 3,000 More Pink Slips In a filing with the U.S. Securities and Exchange Commission on Tuesday, Sun revealed it plans to eliminate up to 3,000 jobs, or about 10 percent of its global workforce, ZDNet Asia reports. This marks the second major round of job cuts in a year for Sun, who last November announced plans to reduce its workforce by up to 6,000 jobs, or 18 percent of its global staff, in a major restructuring effort. Those cuts were already disclosed by the time Oracle announced its $7.4 billion takeover bid for the struggling server maker. As the Oracle deal sits in limbo awaiting approval from the European Commission things could get even worse for Sun. "Sun is losing $100 million a month, we'd like to get this thing done," Larry Ellison, CEO for Oracle, said at an industry gathering in Silicon Valley last month. Oracle has so far remained quiet about the latest round of job cuts taking place at Sun. Image Credit: whiteoaksblog.com Integeeks.com Source: Maximumpc

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