Sun to cut 3000 jobs in the wake of Oracle takeover
Sun Microsystems plans to slash about 3000 jobs around North America as part of the company’s restructuring plan, it was announced today.
Sun Microsystems’ board of directors confirmed this morning the company needed to “better align” its resources with its strategic objectives, which includes making 3000 people redundant over the next 12 months. The move comes about two months after database giant Oracle bought the company.
Sun Microsystems said it planned to incur total charges ranging between $US75 million to $US125 million over the next few quarters due to the restructuring plan. The majority of this cost will go to cash severance costs. This is expected to hit the company in the second and third quarters of 2010.
Sun Microsystems spokesperson for Australia and New Zealand would not comment further on the job losses.