Defend Truth

Sun Microsystems is slimming down again

Sun Microsystems announced on Tuesday that it will cut 3,000 jobs, roughly 10% of its workforce. How the mighty have fallen! Once omnipotent über-competitor to the likes of Microsoft, IBM and HP, Sun is bracing itself to be swallowed by Larry Ellison’s Oracle. While its market cap reached $190 billion in August 2000, it is today languishing on $6.79 billion, which is even less than the $7.4 billion that Oracle itself committed. As the takeover is being examined by anti-trust regulators in Europe over database software concerns (the deal has already been approved by US authorities), Sun has time to trim its operations. And they’re doing so with gusto.

Gallery

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Become a Maverick Insider

This could have been a paywall

On another site this would have been a paywall. Maverick Insider keeps our content free for all.

Become an Insider

Every seed of hope will one day sprout.

South African citizens throughout the country are standing up for our human rights. Stay informed, connected and inspired by our weekly FREE Maverick Citizen newsletter.