Sun Microsystems Slashes Jobs in Survival Fight

“The company’s servers and software helped stimulate the
Internet boom, and its engineering acumen is revered. But Sun never
fully recovered from the previous financial crisis – the dot-com
meltdown – and it has been steamrolled by big shifts in the way
businesses buy their back-end computers.

“Now Santa Clara, Calif.-based Sun plans to slash up to 6,000
jobs, or 18 percent of its global work force, as it scrambles to
cut costs to offset a devastating slump in sales of its high-end
servers. Sales of those machines fell 27 percent in the latest
quarter as banks and other big customers went under or couldn’t get
loans to buy the servers.”

Complete Story