Sun eliminates 1,300 jobs as part of larger layoff plan
Also today, IBM began making cuts
Computerworld - Add Sun Microsystems Inc. to the list of tech companies rolling out layoffs this week.
Sun today notified 1,300 employees that they are losing their jobs, part of an initial wave of layoffs that may reach 6,000 before the cutting is finished.
Sun, in a statement, said that the "reductions were made across all levels, including vice presidents and directors."
Sun had announced in November that it would cut its workforce; the only mystery was exactly when those cuts would begin. But these layoffs are only part of a job-cutting wave that began hitting the tech industry last year.
In November, Sun announced it was cutting 15% to 18% of its workforce as part of a restructuring to save anywhere from $700 million to $800 million annually. Sun today confirmed its plan to continue with the previously announced restructuring.
"We believe the restructuring will result in a more efficient coverage model with resources aligned to growth opportunities," the company said in its statement. "We believe the number of positions that will be eliminated, when combined with the other cost cutting measures and organizational changes being implemented, will put the company on track for improved financial performance."
IBM is also laying off employees this week, according to The Alliance@IBM in Endicott, N.Y., an employee union. The group said layoffs are now going on and is asking employees to post messages, which are anonymous, about actions the company is taking.
Wrote one: "I was whacked yesterday. 29 years 10 months."
IBM officials could not be immediately reached for comment.
- Microsoft to cut 5,000 jobs as profits fall
- Ballmer: Microsoft strained to minimize layoffs
- Frankly Speaking: For Microsoft, the pain is just beginning
- Microsoft layoffs could boost Seattle's tech industry in long run
- Sun trims 1,300 jobs; IBM layoffs start
- Intel to shut four plants, lay off 6,000
- Lenovo to lay off 2,500 staff, cut management pay
- Ericsson profit declines, plans to cut 5,000 jobs
- AMD to cut 1,100 jobs and slash salaries across company
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