Oracle To Lay Off "Fewer Than 2,000 People."
The New York Times have reported that Oracle plans to lay off “fewer than 2,000 people.” However, Oracle did not rule out that further cut-backs might be necessary, following the closure of the long-delayed takeover.
Brent Thill, an analyst at global financial services company UBS AG had previously estimated that Oracle might fire up to half of Sun Microsystems' workforce following the takeover – which would put the figure roughly at 13,800.
During a phone interview on Tuesday, Chief Executive of Oracle Lawrence J. Ellison said that he hoped Sun’s chairman and co-founder, Scott G. McNealy would stay on at Oracle, but didn't specify what McNealy's duties and title would be.
“We need to have more conversations about his role,” Mr. Ellison said.
However, he also said that he expected Jonathan Schwartz to resign, something that sources close to Sun have also been hinting at.
Sadly, layoffs aren't new for Sun Microsystems. A scheme to cut 5,000-6,000 employees from the Sun workforce was announced in November 2008. The scheme was executed in waves of layoffs throughout the first half of 2009. After already suffering from years of declining sales and workforce “streamlining,” there is worry that this new round of layoffs could further damage the moral of Sun employees.