Video Analysis for Mass Sun Microsystems Layoffs
February 11, 2009
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Mass Sun Microsystems Layoffs
Sun Microsystems Inc. will fire 9% of its employees as demand for big computers, already slumping from the Internet and telecommunications collapses, slowed dramatically after the Sept. 11 terrorist attacks.
These are the first significant layoffs at the Silicon Valley powerhouse and mark the end of an amazing growth spurt for the maker of workstations and high-end servers that run computer networks used by many dot-com firms and big corporations.
The Palo Alto-based company said Friday that it will shed 3,900 of its 43,200 workers. About a third of the layoffs will be in the San Francisco Bay Area.
Sun said it will miss consensus... Read more »
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Server system seller Sun Microsystems has admitted massive restructuring is underway and that some 6,000 of its employees will be laid off.
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Mass High Tech. Sun slashes at least ... Sun Microsystems Inc. has announced plans to restructure by laying off up to 18 ... While the layoffs will add an extra $375 ...
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Despite Sun Microsystems' billion-dollar losses and nearly 6,000 projected layoffs, observers say the company will survive the current crisis.
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Facility Closures and Mass Layoffs (May 20-29) - CoStar Group
May 22, 2007 · The following future closures and mass layoffs were reported in Arizona. · Albertsons LLC Food Stores is laying off a combined 184 employees at 1625 E ...
California IT Layoffs Continue in 2009 and May be Linked ...
... Sun Microsystems layoffs totaled ... Of these California IT layoffs Boeing reported over 670 California unemployed in their mass layoffs of 2008 and has ...
Gov't says 'mass layoffs' soared in January - USATODAY.com
Feb 25, 2009 · Gov't says 'mass layoffs' soared in January: Posted ... totals include previously announced layoffs. Date: Company: ... Sun Microsystems: 1,300. 15% …
Facility Closures and Layoffs (May 11-17) - CoStar Group
May 15, 2008 · Sun Microsystems has increased the number of layoffs it is planning ... The following future closings and permanent mass layoffs were reported in Florida.
Mass layoffs cost hundreds their jobs in Colorado during July
More employees lost their jobs through mass layoffs ... by the Colorado Department of Labor and Employment, which counts more people out of work through big job cuts. The state said that in July, Frontier Airlines cut 569 jobs, Sun Microsystems …
Facility Closures and Mass Layoffs (May 20-29)
The following future closures and mass layoffs were reported in Arizona ... BioMed Realty Trust, Inc. received notice from Sun Microsystems Inc. is terminating its remaining three leases at BioMed Realty Trust’s Pacific Research Center at 7777 ...
IBM's bid to acquire Sun might cost jobs
Boulder's largest private-sector employer, IBM Corp., reportedly is in talks to purchase Sun Microsystems Inc., Broomfield's biggest ... Frank Gillett of Forrester Research in Cambridge, Mass. "It would be very curious to see them combine."
Big Tech's Big Layoffs
Hit by turmoil in the financial markets, general economic decline, and slowing sales, the tech sector is expected to follow Wall Street with its own mass layoffs ... Earlier this year, Sun Microsystems let up to 2,500 employees go; Nortel is cutting ...
Sun Microsystems Says Loss To Be Bigger Than Expected
SAN FRANCISCO, Oct. 5— Sun Microsystems said today that it would post a wider ... Sun had been one of the few major high-technology companies to avoid mass layoffs, instead using performance reviews to trim its work force. The job cuts announced …
Total Bankruptcy Adds Mass Layoffs Information Section
Mass layoffs impact the national economy ... Huge layoffs like those at MBNA and Sun Microsystems, which impact multiple local economies, can force people who were financially stable so long as their incomes were regular into debt — and even into ...
The Weekly Layoff Report: Dark Clouds At Sun
Things weren’t so happy, though, at Sun Microsystems . It revealed this week that it would ... s activity recorded by the Forbes.com Layoff Tracker, which counts the layoffs at all the nation’s 500 largest corporations. Blighted by falling demand ...
Sun Analyst Meeting: No Guidance Given, But "On Track" to Sustained Profitability
At Sun Microsystems' annual meeting with analysts yesterday ... He acknowledged Sun's cost structure is "still too high," but warned against mass layoffs and said R&D expenses would be contained (currently around $2b annually). CEO Jonathan …
Sun Microsystems to lay off 6000 souls
SERVER SYSTEM SELLER Sun Microsystems has admitted massive restructuring is ... After it’s announcement about the upcoming mass layoffs, Sun shares rose 12.7 per cent to $4.07. µ
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