As of today, Oracle’s acquisition of Sun is complete, according to reports by the Associated Press. Based on commentary from Oracle CEO Larry Ellison, this acquisition means bad news to thousands. Oracle has plans to lay off approximately 2,000 people in the first few months, primarily Sun employees, and more layoffs are expected to occur down the line.
Larry Ellison also stated that, as part of the upcoming layoffs, Sun CEO Jonathan Schwartz will likely be ousted from the company. To Sun employees this may come as no surprise — according to Glassdoor’s CEO Watch List, which evaluates the 25 lowest rated CEOs, Schwartz has been consistently noted for his dismal approval ratings. Based on the most recent Watch List, Schwartz held a low 20% approval rating, and it’s dropped even further to 19% in just 26 days. He has continued to see his approval rating decline for the past four consecutive quarters: Q309 he held a 21% approval rating, Q209 he held a 23% approval rating, and held on to a 25% approval rating in Q109.
Sun Microsystems Reviews – Glassdoor Review
