LOGIN
REGISTER
NEWSLETTER
RSS
SOFTWARE INDUSTRY NEWS |
Oracle plans additional layoffs from Sun deal, provisions more funds for severance |
|
 In an form 8-k filing with the Securities and Exchange Commission (SEC) at the close of last week, Oracle CFO Jeff Epstein moved to earmark more funds in cash for severance costs.Oracle had originally estimated $325 million as part of its Sun Restructuring Plan connection to the integration of Sun Microsystems, Inc. Of this, Oracle said, $235 million had been recorded during the three and nine months ended February 28, 2010. Now, Oracle has said that as on May 10, 2010, its management extended the Sun plan to Europe and Asia, aiming to reduce the size of its combined workforce in those geographies, for which it estimates additional costs between $675 million and $825 million, mostly in cash. In its 8k filing, Oracle said it expects $550 million to $650 million of these additional costs to be restructuring charges related principally to employee severance costs, $85 million to $115 million to facilities costs and $40 million to $60 million relating to contract termination costs. It said these are expected to be incurred through calendar 2011, though notifications to affected employees began on May 28, 2010. The filing did not have any data on the details of the actions that Oracle intends to take. |
LISTS AND RESEARCH
-
Global Software Top 100 - Edition 2011
- The Global Software Top 100 is a list of the world's largest software companies, ranked by annual software revenues. The list is based upon revenue information of 10,000+ IT companies worldwide.
-
Software industry trends (2011)
- This research article (accompanying the Global Software Top 100) describes changes in the software industry playing field. It analyses trends and key players and forecasts future developments.
- Top hardware companies
- A list of the world's largest hardware companies.
- What happens in the hardware industry?
- Trends and analysis of the hardware industry and its key players.
- Top IT services companies
- A list of the world's largest IT services companies, ranked by annual services revenues. This link will take you to www.servicestop100.org.
- IT services companies: healthy growth
- What is happening in the IT services industry? Read this research publication to find out about trends and key players in the IT services industry.
- Top gaming companies (2010)
- Entertainment is good business, and gaming software companies are growing faster than the rest of the software industry. This research article discusses trends and key players in the gaming business.
- Top ERP companies
- A research publication about the world's leading players in enterprise software.
- Top security software companies
- A research publication discussing the world's leading publishers of security software: antivirus-, spamfiltering-, intrusion detection- and firewall software.
- The fastest growing software companies
- This research publication reveals the fastest growing software companies in the world.
-
CRM companies: a short list
- A short list of the leading software companies selling Customer Relationship Management software; aimed at IT managers looking to purchase CRM software.
- Top software companies in the US (2010)
- A list of the largest software companies in the United States, ranked by annual software revenues. 2010 Edition, posted 15 December 2010.
- U.S. software industry trends (2010)
- A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
- Top companies in the world (not just software)
- A general list of the largest companies in the world, ranked by revenues. Not just software companies; in fact, there are no software companies in it...
- Top IT companies
- A list of the largest IT companies in the world, ranked by annual revenues. Includes hardware, software and services.
