Sun Micro to Cut 5,000 Jobs

Software giant slashes 15-18% of workforce
By Kevin Spak,  Newser Staff
Posted Nov 14, 2008 8:19 AM CST
Sun Micro to Cut 5,000 Jobs
Sun Microsystems servers at the Sun offices in Menlo Park, Calif. are seen in this 2007 file photo.    (AP Photo/Paul Sakuma)

Sun Microsystems intends to lay off 5,000 to 6,000 employees, amounting to 15-18% of the computer maker’s workforce. The cuts should shave about $800 million off Sun’s costs, as the company struggles to compensate for swiftly declining sales. Sun lost $1.68 billion last quarter, as revenue fell 7%. The cuts are part of a wider restructuring intended to boost focus on its software business, the Wall Street Journal reports.
(More Sun Microsystems stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X