Sun Plans to Cut 18% of Staff

Sun Microsystems Inc. (JAVA) says it will cut up to 6,000 of its workers, or 18 percent of its global staff. Sun also says its software chief, Rich Green, has resigned.

The job cuts will include between 5,000 and 6,000 employees over the next year and will save the company $700 million to $800 million annually.

by Mark Anderson | 11/14/08 | Stocks: JAVA,

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Sun Plans to Cut 18% of Staff

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Can Citigroup Be Saved?

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