Thread: Sun to cut jobs
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Old 7th Aug 07, 07:56 PM
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Sun to cut jobs
*Source: News.com (http://news.com.com/Sun+to+cut+jobs/...tag=nefd.top)*
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Sun Microsystems will cut its workforce in the second half of the year as part of a restructuring plan, according to a regulatory filing the company made Tuesday.

The server giant expects to incur charges of $100 million to $150 million over the next several quarters, largely as a result of the job cuts. That move comes after Sun posted a fiscal fourth-quarter profit on July 30, marking its third consecutive quarter of profitability after a string of losses.

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