Saturday June 05, 2010

Oracle to Lay off More Sun Workers

In a regulatory filing yesterday, Oracle announced another round of layoffs related to its acquisition of Sun.

Oracle is making further job cuts related to its acquisition of Sun Microsystems, primarily in Europe and Asia, the company said in a regulatory filing Friday. Oracle said it will book up to US$825 million in additional charges for the acquisition this calendar year, including $550 million to $650 million primarily for severance payments.

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