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  • Sun Microsystems to Cut Up to 5,000 Jobs

    05/31/2006 6:15:45 PM PDT · by advance_copy · 23 replies · 910+ views
    Washington Post ^ | 5/31/06 | Dan Goodin
    SAN FRANCISCO -- Computer server maker Sun Microsystems Inc., whose revenue has declined four years in a row, said Wednesday it planned to cut 4,000 to 5,000 jobs in an effort to return to consistent profitability. The cuts, which will reduce Sun's 37,500-person work force by 11 percent to 13 percent over the next six months, will cost Santa Clara-based Sun from $340 million to $500 million over the next several quarters, the company said. Sun executives expect the plan, which also includes selling real estate and exiting leases, to save the company from $480 million to $590 million, once...