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 Microsystems servers at the Sun offices in Menlo Park, Calif. are seen in this 2007 file photo.    (AP Photo/Paul Sakuma)
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(Newser) – 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.