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.
Ireland's population has still not recovered from the Great Famine.