Sun Microsystems To Lay Off 6,000
Sun Microsystems To Lay Off 6,000
Sun Microsystems has added its name to the growing list of tech firms making major job cuts, announcing that 6,000 employees will go as part of a major restructuring of its software operation. The cuts will affect around 18 per cent of Sun's employees, and result in a reduction in the company's wage bill of between $700m (£468m) and $800m (£535m)."Today we have taken decisive action to align Sun's business with global economic realities, and accelerate our delivery of key open source platform innovations," said Sun chief executive Jonathan Schwartz.
Xerox, Micron and Yahoo have all had to make dramatic staff cuts, while retailer Circuit City had to close hundreds of its stores prior to filing for bankruptcy protection.
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