Sun Microsystems has said it is eliminating 6,000 jobs or 18 per cent of its global work force. It expects to reduce its costs by $375-450 million in the current fiscal.
Sun Microsystems is also reorganising its software organisation into new business groups. Besides, it will implement a restructuring plan aimed at reducing costs by approximately $700 to $800 million annually.
Image: A pedestrian walks by a sign outside the Sun Microsystems headquarters in Santa Clara, California. | Photograph: Justin Sullivan/Getty Images
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