Sun cuts 3000 Jobs

Sun Microsystems slashing up to 3,000 jobs, 10 percent of staff, as it awaits Oracle takeover


Sun Microsystems Inc. plans to eliminate up to 3,000 jobs, or 10 percent of its worldwide work force, as it awaits a takeover by Oracle Corp., a deal being held up by antitrust regulators in Europe.

The layoffs Sun outlined Tuesday in a regulatory filing are the latest in a series of job cuts at the world's No. 4 server maker.
Sun, a dot-com-era star, was banking on the $7.4 billion deal with Oracle as a lifeline after a decade of financial struggles. As delays have mounted, Sun has had to fend for itself, losing ground to rivals, including IBM Corp. and Hewlett-Packard Co., which have exploited uncertainty about the deal to poach customers.

Sun's losses are mounting too: It lost $2.2 billion in the last fiscal year, which ended June 30.