Sun to cut up to 6,000 workers, 18 pct of staff
|
|
Sun Microsystems Inc. plans to cut up to 6,000 jobs, or 18 percent of its global work force, as sales of its high-end computer servers have collapsed. The drastic move announced Friday highlights Sun's desperation to cut costs and survive as an independent company. Sun's shares have fallen so steeply they've crossed an ominous threshold, driving the company's market value below its cash on hand. That means investors believe the company itself is essentially worthless.
|
|
Full Story |
This topic does not have any threads posted yet!
You cannot post until you login.
