Sun to axe 3,000 jobs, blames delays in sale to Oracle
China Daily | Updated: 2009-10-22 08:52
NEW YORK: Computer maker Sun Microsystems Inc is cutting 3,000 jobs worldwide, or about 10 percent of its staff, blaming delays in its $7 billion sale to Oracle Corp.
Oracle CEO Larry Ellison recently said that Sun is losing about $100 million a month because of uncertainty about the computer maker's future as European antitrust regulators pursue an in-depth probe of the transaction.
Rivals IBM and Hewlett-Packard Co are taking advantage of the uncertainty by poaching Sun's customers with steep discounts.
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