Sun to cut 3,000 jobs as Oracle awaits approval for deal
Sun Microsystems will lay off up to 3,000 workers over the next 12 months as Oracle awaits approval from European regulators for its acquisition of the company.
Sun Microsystems will lay off up to 3,000 workers over the next 12 months as Oracle awaits approval from European regulators for its acquisition of the company.
Companies trying to cut IT budgets are laying off staff and reducing compensation and benefits for remaining employees, new survey results show.
Citing tough economic times, security vendor Websense plans to trim 5 percent of its workforce.
There are signs that an increasing number of people who have been forced out of their jobs are starting their own businesses.
MySpace will slash its staff abroad and shutter several international offices, the News Corp. unit said on Tuesday, a week after announcing a big round of layoffs in the U.S.
Oracle Corp.'s announcement last week that it plans to buy Sun Microsystems Inc. raised questions about, well, almost every aspect of the blockbuster deal that would unite two Silicon Valley icons.
More than 70% of information security professionals reported that they lost budget dollars in the past six months, but more than half said they think the worst is over.
Qantas has announced that it is to shed some 500 management positions as the economic crisis bites hard into its bottom line.
Proving that it is not immune to the economic downturn, Google plans to lay off 200 people, including 15 across Australia and New Zealand, in its sales and marketing group.
Amid reports that it is moving thousands of jobs from the US to India, IBM said Thursday it is notifying employees that some jobs are being eliminated.
Open-source vendor Novell on Saturday confirmed reports that it had a layoff on Friday, though it said the layoffs were small and amounted to less than 3% of its workforce.
Microsoft is laying off employees in the divisions that make its Zune music player , Microsoft Office software, and Live Search site, but not in the group preparing its Windows 7 operating system, according to anonymous postings Thursday by purported Microsoft employees.
Microsoft and Sun Microsystems aren't the only top IT vendors laying off employees. IBM may have quietly let more than 2800 workers go, according to the Alliance@IBM union, which expects even more job cuts at the company.
Amidst a bevy of bad news in the PC market, Intel took two corrective steps this week, aggressively slashing prices on chips on Monday and announcing today that it will close four chip plants and cut as many as 6,000 jobs.
While Microsoft plans to eventually eliminate up to 5,000 jobs, including 1,400 cuts to be made Thursday, it is doing its best to minimize the impact on employees as well as its ongoing strategic efforts, CEO Steve Ballmer said.