Saturday, November 15, 2008

Sun Microsystems to cut 6,000 jobs

Sun Microsystems Inc plans to cut as many as 6,000 jobs as the company tries to cope with plunging sales of server computers to financial firms, market-share losses to bigger competitors, and a spiraling stock price.

Sun is the third company in Santa Clara, at the heart of California's Silicon Valley, to cut jobs this week as technology companies cope with the worst sales slump since the dot-com bubble burst in 2000. Applied Materials Inc, the largest maker of chip-production machinery, announced plans to cut 1,800 jobs, and mobile-phone chip builder National Semiconductor Corp said it will shed about 5 per cent of its staff.

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