Sun Slashes 5,000 Jobs, 950 in U.S.By Deborah Rothberg | Posted 08-07-2006
The job cuts, affecting 950 employees in the United States and 300 in Colorado alone, were across all levels, including vice presidents and directors, according to reports.
Schwartz said his first task was to complete a full review of the Santa Clara, Calif., company's operations and make moves to bring Sun back to financial health.
Officials expect the layoffs to save the company between $480 million and $590 million annually, with profits expected to improve as a result by July 2007.
Read the full story on eWEEK.com: Sun Slashes 5,000 Jobs, 950 in U.S.