Oracle to cut more jobs as part of Sun acquisition

Associated Press / June 5, 2010

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SAN JOSE, Calif. — Oracle Corp. is cutting more jobs as part of its takeover of slumping computer-server maker Sun Microsystems.

Oracle, the world’s biggest database-software maker, said in a regulatory filing yesterday that the new round of cuts would mostly hit employees in Asia and Europe.

It did not specify how many employees would be laid off. But it did say the new restructuring would be at least twice as expensive as the one Oracle initiated immediately after closing the Sun deal in January.

The new cuts will cost Oracle $675 million to $825 million. The previous cuts, which are ongoing, will cost an estimated $325 million.

Oracle declined to comment further. Oracle had 106,492 workers as of the end of February.

Sun had already cut deeply before Oracle took it over.

Both Sun and Oracle have sizable operations in Massachusetts.

Last October, while the $7.4 billion takeover was being held up over antitrust concerns in Europe, Sun announced plans to jettison 10 percent of its workforce, or up to 3,000 jobs.