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November 14, 2008
Sun Microsystems Inc. plans to cut up to 18 percent of its work force, or up to 6,000 jobs, in a company restructuring as it deals with declining demand. The company has notified the Texas Workforce Commission that 20 positions will be cut in Dallas and Houston and another three in Austin.
Santa Clara, Calif.-based Sun (Nasdaq: JAVA) says the restructuring will save between $700 million and $800 million.
The high-end computer maker said the actions will result in a charge of $500 million to $600 million over the next 12 months.
As part of the revamp, Sun says it is splitting its software organization into three business groups -- Application Platform Software, Systems Platforms and Cloud Computing and Developer Platforms.
Rich Green, executive vice president of software, "has chosen to leave the company," Sun says.
In addition, Sun is splitting its marketing responsibilities, with field and partner marketing going to Peter Ryan, executive vice president of global sales and services. Corporate marketing will be led by new Senior Vice President Ingrid Van Den Hoogen.
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