You win some, you lose some. The ink on the acquisition paperwork is barely dry of Sun Microsystems by Oracle and 1,00 layoffs are announced. Here's the spin...err I mean news on that.
Quote:
Analysts had expected Sun to suffer huge job cuts once Oracle closed the acquisition. But Ellison said Oracle wants to bulk up Sun's staff to improve its sales — a problem Sun has had trouble cracking since the dot-com meltdown a decade ago.
Oracle is hiring 2,000 people over the next few months for the Sun businesses, while layoffs from the acquisition will be about half that number, Ellison said.
"We're hiring, not firing. We're not cutting Sun to profitability," Ellison said at a conference with industry analysts at Oracle's headquarters here. "We think Sun's a growing business."
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Oracle CEO: about 1,000 layoffs planned for Sun - Yahoo! News
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