Sun Microsystems about to add to California's high unemployment rate

[marmar]

via Yahoo!:



Sun cutting up to 3,000 jobs as awaits Oracle deal
By JORDAN ROBERTSON, AP Technology Writer - Tue Oct 20, 2009 6:45PM EDT


SAN FRANCISCO - 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.

Sun said the job cuts will happen over the next year and affect all of Sun's major regions, including North America, Europe, Asia and emerging markets. Sun has already cut about 7,600 workers in the past three years in three rounds of layoffs, according to the company's filings with the Securities and Exchange Commission. .........(more)

The complete piece is at: http://tech.yahoo.com/news/ap/20091020/ap_on_hi_te/us_sun_microsystems_layoffs

[thunder rising]

1. I am convinced that Sun is a victim of massive short-selling over the years. Microsoft, IBM, HP?

[roamer65]

2. It's not just CA that will suffer.

Sun has service and support personnel around the USA and world.