Oracle will cut half of Sun workers, analyst predicts
But which half...
An analyst has predicted that half of Sun's 27,000 staff will be for the chop when Oracle finally gets its hands on the faltering Sparc vendor.
The depressing prediction was made by Brent Thill, an analyst with UBS, in a report yesterday, according to Bloomberg news. He said Oracle was likely to make the drastic workforce cuts as the price for squeezing a profit out of Sun.
Oracle has been waiting almost a year to consummate its takeover bid for Sun, with the EU holding the deal up on competition grounds.
Still, the loitering around at least means it has been able to leave some of the unpleasant job axing to Sun's existing management.
Sun dumped 3,000 workers in October. Back in November 2008, it announced plans to drop 5,000 to 6,000 workers. At the time, it had around 33,400 workers - that was of course after the 3,700 it sliced in August 2007.
In mid 2006, it had 37,500 staff - still a big drop on its workforce at its dot com peak, when it was neared 50,000. Which, come to think of it, is now a decade ago. ®