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.
(Read more Sun Microsystems stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.