Special Report: Global Financial Crisis
LOS ANGELES, Nov. 14 (Xinhua) -- U.S. computer
service provider Sun Microsystems said Friday it will lay off up to 6,000
workers, about 15 percent of its global workforce, as the latest of a series of
layoff decisions announced by high-tech companies amid the gloomy economic
outlook.
"We're taking sharp, decisive action to align
ourselves to a new economic reality, and also to amplify our investment in the
way the world is heading," said chief executive officer Jonathan Schwartz.
Sun Microsystems also said it will reorganize its
software business and merge some divisions into other operations. The Silicon
Valley computer server and software maker has been struggling with declining
sales and a plunging stock price.
Schwartz said his company will move resources toward
fast-growing parts of the world and reduce resources in areas where the company
sees the economy contract, but declined to specify which business units or
geographic areas will be affected by the layoff.
Sun Microsystems was hit especially hard by the
recent stock market crash and credit crunch, as financial institutions and banks
have been major customers for the company's high-end servers and storage
systems. Its own stock price closed at 4.08 dollars a share Thursday, down from
a high of 21.55 dollars a share earlier this year.
