Sun to lay off 1,000
China Martens writes in InfoWorld:
Sun Microsystems expects to lay off around 1,000 staff at a cost of about $100 million as part of the company's ongoing cost-cutting strategy, according to Sun's chief financial officer.
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.
There was no word from Sun where in its operations the job cuts ax is likely to fall.
posted by Fergie @ 7/27/2005 08:58:00 AM
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