Sun Microsystems to Cut 300 Jobs
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Sun Microsystems Inc., whose server computers run Internet sites and corporate networks, is reducing its work force by 300, or less than 1%, this fiscal year to trim costs as it copes with a drop in sales.
Sun isn’t firing anyone right now, though that may happen later this year, a spokeswoman said. The reduction will take place in the year ending in June through attrition and a slowdown in hiring, and some employees will be required to transfer to other jobs at Sun to avoid being fired.
Shares of Palo Alto-based Sun Micro rose 77 cents, or 5%, to $16.29 on Nasdaq.
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