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Corporate News: Sun Micro Slashes Jobs --- Fallen Silicon Valley Star to Shed Up to 6,000 More Workers
Corporate News: Sun Micro Slashes Jobs --- Fallen Silicon Valley Star to Shed Up to 6,000 More Workers

11/15/2008, 07:15     [The Wall Street Journal]    


Sun Microsystems Inc., responding to a technology-spending slowdown and pressure from impatient investors, said it will cut 5,000 to 6,000 employees in the latest of a series of restructuring moves.




Sun Microsystems to cut up to 6,000 workers, 18 per cent of staff
Sun Microsystems to cut up to 6,000 workers, 18 per cent of staff

11/15/2008, 09:47     [The Canadian Press - Broadcast wire]    


SAN FRANCISCO - Sun Microsystems Inc. says it will cut up to 6,000 of its workers, or 18 per cent of its global staff.

Sun also says its software chief, Rich Green, has resigned.

The company has fallen into a deep slump as sales of its high-end servers have collapsed.

The Santa Clara, Calif.-based company said Friday the job cuts will include between 5,000 and 6,000 employees over the next year.

It says the cuts will save $700 million to $800 million annually.




Sun to Cut Up to 6,000 Jobs
Sun to Cut Up to 6,000 Jobs

11/15/2008, 09:03     [The Washington Post]    


Sun Microsystems plans to cut as many as 6,000 jobs as the company tries to cope with plunging sales of server computers to financial firms, market-share losses to bigger competitors and a spiraling stock price.

The job cuts, which will eliminate as much as 18 percent of the staff, will shave $700 million to $800 million from annual expenses, Sun said yesterday in an e-mailed statement. The reduction will cost as much as $600 million in the next 12 months.