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Sun to lay off 1000 staff

Sun to lay off 1000 staff

Sun expects to lay off around 1,000 staff at a cost of about $100 million as part of the company's ongoing cost-cutting strategy, said Sun's CFO.

Sun Microsystems expects to lay off around 1000 staff at a cost of about $US100 million as part of the company's ongoing cost-cutting strategy.

Sun chief financial officer, Steve McGowan, announced the layoffs during a conference call on the company's fourth-quarter fiscal results.

Sun took $US44 million of the US$100 million layoff charge in its fourth quarter and expects to account for the remaining US$56 million over the course of the next four quarters, McGowan said.

There was no word from Sun where in its operations the job cuts axe is likely to fall.

Sun last announced significant job cuts in April 2004, when it begun to lay off 3300 staff. The company later boosted that job cut number to 3500 in October of last year.

Another way Sun hopes to cut costs is by reducing its property portfolio capacity, incurring a likely charge of about $US180 million over the next several quarters, according to McGowan.


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