Word on the street is that Oracle is going to buy Sun Microsystems for $5.6 billion paying $9.50 a share. That’s a nice chunk of change. So what will happen to the employees? Some analysts are speculating that Oracle will lower the axe on as many as a third of Sun Microsystem’s employees, or 33,500 employees. When one company acquires another and the threat of layoffs loom, it’s always interesting to know how much the employees at one company make versus the employees at the other company. Until now, only the corporate finance and merger teams had access to that kind of data, but now, anyone can compare the salaries of Oracle employees vs Sun Microsystems employees at www.jobnob.com. These are just sample sizes so actual numbers may vary, but this should give us a good peek. Let’s take a looksey.
- An Oracle Software Engineer earns an average of $76,000 with a range of $52,000-$97,000 (based on 32 salaries).
- A Sun Microsystems Software Engineer earns an average of $84,000 with a range of $65,000-$113,000 (based on 32 salaries).
Uh oh, looks like there might be a problem! No wonder there are rumors of layoffs- Sun Micro is paying more than Oracle. There’s no way that Oracle wants to raise the salaries of all of their employees, so it’s easier to get rid of the Sun people.
Let’s look at another set of salaries for Software Systems Engineers.
- An Oracle Software Systems Engineer earns an average of $78,000 with a range of $66,000-$85,000 (based on 14 salaries).
- A Sun Microsystems Software Systems Engineer earns an average of $84,000 with a range of $67,000-$113,000 (based on 7 salaries).
Once again the Sun Micro salaries are higher than the Oracle salaries.
Oracle beat out IBM for Sun and it’s said the deal was brokered in just three days. It’s believed that this acquisition will put Oracle into the data center game and place it in a position to compete with Cisco, IBM and Hewlett-Packard. Stay tuned for more information!
