US IT Firm Cuts Up To 6000 Jobs

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As everybody knows about the global economic crises in all over the World. Many Major Technology based giants are cutting their jobs due to global crises.

Sun Microsystems Inc. officially announced that it was cutting upto 6000 jobs as the global economic crisis drives down demand for its computer servers. Sun said it was cutting 15 to 18 per cent of its global workforce, or 5000 to 6000 jobs to align its cost model with the global economic climate.

A company spokesman said the majority of the layoffs, the second round of job cuts at the Santa Clara, California, firm since May, will be in the United States.

The restructuring, which will involve charges of some 500 to 600 million dollars over the next 12 months, should result in savings of some 700 to 800 million dollars a year, Sun said. Sun also announced the departure of Rich Green, head of its software division, and a reorganisation to allow the company to "accelerate the introduction of compelling open source innovations."

We don't know that what will be done with other technology based organizations like IBM, MicroSoft, Apple or anyother related giants. If organizations start cutting thier employees from jobs than we have to ready for a big technology crises including economical crises.

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