Sun Cuts 6,000 Jobs

Again its a Bad morning to the industry of software. The s/w Giant Sun Micro systems has announced a layoff of 6000 jobs in the coming 12 months. This is for restructuring plan aimed at reducing costs by approximately $700 to $800 million annually.
Sun expects to incur total charges in the range of $500 to $600 million over the next 12 months in connection with the plan, of which it expects to incur approximately $375 to $450 million within its current fiscal year 2009.

The company has also decided to enter into New business groups like Apllication platform software, system platforms and also cloud computing and developer platforms.