SANTA CLARA, Calif. ( TheStreet) -- Sun Microsystems ( SUN) will lay off up to 3,000 workers over the next 12 months as it prepares for its contested merger with Oracle ( ORCL).
Or, as Sun worded it in a filing with the Securities and Exchange Commission, the layoffs are designed to "better align the company's resources with its strategic business objectives." Sun said the layoffs would occur throughout its geographies. It expects to take a charge of between $75 million and $125 million "over the next several quarters," mostly to cover severance pay. The company said it will record a majority of the charges in the second and third quarters of fiscal 2010, which ends in June. -- Written by Scott Eden in New York Follow TheStreet.com on Twitter and become a fan on Facebook.