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Sun to lay off 1,000 people

Posted on Thursday, July 28 2005 @ 13:14:38 CEST by

Sun Microsystems is expected to cut 1,000 jobs in order to save $100 million.
Sun Chief Financial Officer Steve McGowan announced the layoffs during a Tuesday afternoon conference call on the company's fourth-quarter fiscal results. Sun took $44 million of the $100 million layoff charge in its fourth quarter and expects to account for the remaining $56 million "over the course of the next four quarters," McGowan said on the call.
More details at InfoWorld



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