Beleaguered Sun Microsystems revealed Oct. 20 that it must trim about 3,000 jobs over the next 12 months, due largely to the delay in closing its planned merger with Oracle, which is currently under review by the European Commission.
The EC, which monitors commercial competition in the 27 countries that comprise the European Union, started due diligence on the deal in August and has said it expects to have a decision by Nov. 19 on whether to approve the deal.
Meanwhile, Oracle founder and CEO Larry Ellison has said Sun is losing about $100 million per month as the two companies wait for the EC to make its decision.
In an 8-K filing with the U.S. Securities and Exchange Commission, Sun reported that its board approved a new plan “to better align the company’s resources with its strategic business objectives,” which includes laying off 3,000 workers during the next year.
The company also said in the filing it would need to incur charges amounting to between $75 million and $125 million over the next several quarters to maintain its restructuring plan.
In November 2008, Sun announced that it planned to reduce its global work force by 5,000 to 6,000 employees-or 15 to 18 percent-in 2009. Many of those jobs were vacated by attrition, a Sun source told eWEEK at the time.
Sun, based in Santa Clara, Calif., currently has about 29,000 full-time employees. Despite its respected products and intellectual property, the company has been plagued with red ink for most of the last decade.
AI thrives on data but feeding it the right data is harder than it seems. As enterprises scale their AI initiatives, they face the challenge of managing diverse data pipelines, ensuring proximity to insights, and supporting a growing range of workloads. In this episode, Corey Knowles speaks with Vrashank Jain, lead product manager for Dell’s AI Data Platform, about how businesses can overcome these hurdles with solutions that simplify data management, enhance performance, and unlock the full potential of their AI investments.
In this episode of eSpeaks, Jennifer Margles, Director of Product Management at BMC Software, discusses the transition from traditional job scheduling to the era of the autonomous enterprise.
eSpeaks’ Corey Noles talks with Rob Israch, President of Tipalti, about what it means to lead with Global-First Finance and how companies can build scalable, compliant operations in an increasingly uncertain world. They explore how automation, AI, and integrated platforms are helping finance teams tackle today’s biggest challenges, from cross-border compliance and FX volatility to […]
-
Latest News - Resources Resource HubsFeatured ResourcesLink to The Real AI Power Play: Who Controls Your Enterprise Data Layer? The Real AI Power Play: Who Controls Your Enterprise Data Layer?IT and data teams were promised that AI would make work easier. Instead, it's created new layers of complexity.Link to Building the Backbone of Agentic AI with Trusted, Context-Rich Data Building the Backbone of Agentic AI with Trusted, Context-Rich DataIn this 10-minute take video, Reltio Principal Solutions Consultant Guy Vorster explains how organizations can overcome fragmented data challenges to power AI agents.Link to IHG scales real-time, trusted data across global brands IHG scales real-time, trusted data across global brandsAccelerating time to value while powering data-driven engagementLink to Dell’s Vrashank Jain on The Data Problem That Could Break Your AIDell’s Vrashank Jain on The Data Problem That Could Break Your AI
AI thrives on data but feeding it the right data is harder than it seems. As enterprises scale their AI initiatives, they face the challenge of managing diverse data pipelines, ensuring proximity to insights, and supporting a growing range of workloads. In this episode, Corey Knowles speaks with Vrashank Jain, lead product manager for Dell’s AI Data Platform, about how businesses can overcome these hurdles with solutions that simplify data management, enhance performance, and unlock the full potential of their AI investments.
Link to BMC’s Jennifer Margules on Intelligent Enterprise OrchestrationBMC’s Jennifer Margules on Intelligent Enterprise OrchestrationIn this episode of eSpeaks, Jennifer Margles, Director of Product Management at BMC Software, discusses the transition from traditional job scheduling to the era of the autonomous enterprise.
Link to Global-First Finance: Building Scalable, Compliant Operations in an Uncertain WorldGlobal-First Finance: Building Scalable, Compliant Operations in an Uncertain WorldeSpeaks’ Corey Noles talks with Rob Israch, President of Tipalti, about what it means to lead with Global-First Finance and how companies can build scalable, compliant operations in an increasingly uncertain world. They explore how automation, AI, and integrated platforms are helping finance teams tackle today’s biggest challenges, from cross-border compliance and FX volatility to […]
-
Artificial Intelligence -
Video -
Big Data & Analytics -
Cloud -
Networking - Cybersecurity Cybersecurity
- Applications Applications
- IT Management IT Management
- Storage Storage
- Mobile Mobile
- Small Business Small Business
- Development Development
- Database Database
- Servers Servers
- Android Android
- Apple Apple
- Innovation Innovation
- PC Hardware PC Hardware
- Reviews Reviews
- Search Engines Search Engines
- Virtualization Virtualization
-
- Blogs Blogs
- Events Events