Loading ...Sun Microsystems to cut 3,000 jobs
Posted on October 21st, 2009 by ElectroGeek
NEW YORK (CNNMoney.com) — Sun Microsystems said it will cut 3,000 jobs over the next year, citing delays in its pending acquisition by Oracle, according to a regulatory filing released on Tuesday.
Oracle agreed to buy Sun earlier this year, but the deal has been held back by European Union antitrust regulators who are looking into whether the acquisition would give Oracle a database software monopoly. The European Commission is expected to reach a decision on the deal by Nov. 19.
Full Story Via CNN.com
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