Sun Micro to cut up to 6,000 jobs
The computer hardware maker Sun Microsystems has announced it will shed up to 6,000 jobs in a bid to cut costs, BBC reported.
The move is part of a restructuring plan, which is set to save up to $800m (£540m) annually, and will cost up to $600m over the next year.
The cuts represent 18% of its workforce - the firm is facing slowing demand for its high-end computers.
Sun Microsystems warned in October it would report a wider-than-expected loss in the final quarter of the year.