Earlier today Sun Microsystems announced that it would be cutting 3,000 members of its workforce, less than a year after the company announced plans to lay off up to 6,000 of its employees. Sun blamed the latest wave of layoffs on delays involved in Oracle's acquisition of the company, which was annouced last April but is currently being held up by European regulators.
Sun says that it will be eliminating the jobs over the course of the next year in locations worldwide, and that the cuts have already begun.
Sun Microsystems plans to lay off about 350 employees at the start of next year, according to a letter filed under the Worker Adjustment and Retraining Notification Act. The computer systems maker said in its letter that it would la... Read Post
Some 5% of Yahoo's workforce will get bad news just in time for the holidays. The company, seeking to cut costs amid lackluster growth, will lay off as many as 700 employees today, sources tell AP. Most of the layoffs will occur in ... Read Post