Oracle To Slash Sun Microsystems Jobs in Europe and Asia

Oracle has decided to reduce the workforce of Sun Microsystems, according to a filing made by the company to the US Securities and Exchange Commission (SEC).

The company had denied reports of an anticipated lay-off last October, amid reports of plans to cut Sun's workforce by 2,000 employees - but the latest news confirms the company's intention to slash the workforce at Sun Microsystems.

Sun employs around 30,000 people around the world.

The 'Sun Restructuring Plan' filed with the SEC hints that the lay-off will affect employees of Sun Microsystems in Europe and Asia only.

Oracle announced its acquisition of Sun Microsystems in April 2009, but the news of the deal was quickly followed by objections from European Commission, concerning the anti-trust implications of Sun's MySQL database. Oracle only received approval for the deal in January 2010.

Sun had initially claimed that in order to restructure the company to fit into Oracle's infrastructure, Oracle would have to spend $325 million.

In the amended 8-K filing, Oracle estimates for its restructuring project range from $675 million to $825 million.