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Sun to lay off 1,000 Staff

Sun Microsystems 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, according to Sun's chief financial officer. Sun Chief Financial Officer Steve McGowan announced the layoffs during a Tuesday afternoon conference call on the company's fourth-quarter fiscal results. Sun took $44 million of the $100 million layoff charge in its fourth quarter and expects to account for the remaining $56 million "over the course of the next four quarters," McGowan said on the call.

News source: InfoWorld

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