Comments on: Sun Microsystems to Lay Off 350

By: Layoff Roundup : JOBMATCHBOX

Layoff Roundup : JOBMATCHBOX — Wed, 12 Nov 2008 05:38:58 +0000

[...] ‘Sun Microsystems to Lay Off 350′ (GigaOM) [...]

By: 5liter

5liter — Wed, 12 Nov 2008 04:28:40 +0000

I can tell you for sure that there is/was a massive layoff happening and a lot more than 350 people. A wave of layoffs occurred last wednesday across the company. Numbers reported are well under what has already been cut. Not to mention there was a reduction in force last quarter as well. I can’t say that the people being cut were well thought out cuts either.

By: type247

type247 — Tue, 11 Nov 2008 21:46:34 +0000

I think the date error is just that, an error. This paper is a routine government filing, where this kind of boo-boo happens frequently.

As far as belt-tightening is concerned, there was a whopping one-time charge, and without that, the loss was $0.09 per share, or about $66M. This is probably about the same as the cost savings they will get from a 350-person layoff.

However, I agree that this is how bleed-outs happen. Sun has not effectively shrunk their workforce size at all over the last few years.

By: webster

webster — Tue, 11 Nov 2008 17:46:15 +0000

This is pure baloney. Just had a look at the pdf file and the dates look suspicious to me(mentions a RIF in 2009 and the dates are January 2008).

By: Michael F. Smith Jr. Lives Here » Blog Archive » Woe is Sun

Michael F. Smith Jr. Lives Here » Blog Archive » Woe is Sun — Tue, 11 Nov 2008 05:25:24 +0000

[...] is announcing some layoffs today but like one of the commenters on the post – this is just a slow bleed out from a company who [...]

By: Jake

Jake — Tue, 11 Nov 2008 04:45:27 +0000

A 1% force reduction is hardly a belt tightening.

This is how slow but deadly bleed outs happen.

By: Nortel Cuts: Layoffs Come to Telco Land - GigaOM

Nortel Cuts: Layoffs Come to Telco Land - GigaOM — Mon, 10 Nov 2008 20:21:22 +0000

[...] wireline chip maker cut 15 percent of its work force. ST-NXP Wireless has cut its workforce by 500. Elsewhere Freescale and Verio also made some cuts. All these companies are reacting to the broader market [...]