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Sun Microsystems Slashing Up To 3,000 Jobs

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Oct 20, 2009 4:50 pm US/Eastern

Sun Microsystems Slashing Up To 3,000 Jobs

 CBS News Interactive: Eye On The Economy
SANTA CLARA (CBS) ― Sun Microsystems Inc. plans to eliminate up to 3,000 jobs over the next year as it awaits a takeover by Oracle Corp, CBS station KPIX-TV reports.

Sun disclosed the layoffs Tuesday in a regulatory filing.

They are the latest in a series of job cuts at the server and software maker, whose prolonged financial troubles led to the $7.4 billion deal with Oracle in April.

Oracle's purchase of Sun is being held up by European antitrust authorities, who are concerned.

(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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