Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Sun Microsystems to cut up to 6,000 jobs

In cost-cutting move, the computer company said it would reduce its payroll by up to 18% and restructure its software business operations.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

NEW YORK (CNNMoney.com) -- Software and computer networking company Sun Microsystems, Inc. announced Friday it will cut up to 18%, or 6,000, of its staff in a cost-cutting move.

Santa Clara, Calif.-based Sun said it's acting to "align its cost model with the global economic climate." The company said it plans to restructure its software business operations, aligning into three divisions: application development, systems platforms, and infrastructure development.

"Today, we have taken decisive actions to align Sun's business with global economic realities and accelerate our delivery of key open source platform innovations," said Jonathan Schwartz, chief executive of Sun Microsystems, in a statement.

Sun Microsystems (JAVA, Fortune 500) is the maker of the Java computer programming software. Its shares fell 4% in premarket trading. To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
Best places to retire abroad in 2017 The top 10 places to retire overseas include beautiful beaches, cozy towns, and the best food you will ever eat -- all for half the cost of what you may pay in the U.S. More
Best business class airline lounges around the world Between August 2015 and May 2016, Skytrax surveyed over 19.2 million customers to find the best airline lounges. Here is what they found. More
What Boeing's new 737 Max 9 has under the hood Boeing unveiled its new, longer 737 Max 9 airliner earlier this month, the second member of the updated single-aisle jet family. The first aircraft will deliver to airlines starting in 2018. More
Sponsors