October 20, 2009
Awaiting to complete the takeover by Oracle, Sun Microsystems announced in a filing that it will be cutting approximately 10% of its workforce, or about 3000 employees. The cuts will likely be global, but locally Sun has a fairly big footprint in the South Bay and Peninsula markets.
Last month we wrote a quick post indicating that M&A, while on the one hand is a good sign, often leads to further consolidation and layoffs within companies as they work to eliminate redundancy and cut costs. That’s likely what we’re seeing here.
- Yahoo! To Axe 1500 Employees By Year-End; Consolidate Facilities
- Layoffs Back: Verizon 13K, Sam’s Club 11K
- Agilent To Cut Another 2700 Jobs
- Intel Acquiring Alameda and Sunnyvale-Based Wind River Systems
- Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round