Sun Microsystems lays off another 1,500

Silicon Valley networking giant and maker of servers and business software, Sun Microsystems plans to lay off as many as 1,500 employees this week as part of its ongoing restructuring plan announced in November.

This latest round of job cuts follows the layoff notice given to 1,500 employees in January as part of its restructuring plan that will involve layoffs of 15 to 18 per cent of its global workforce, or around 6,000 employees. (See: Sun Microsystems plans major restructuring, to slash 6,000 jobs)

The Santa Clara- (California) based company had said that it would save around $700 million to $800 million annually after incurring a one time charge of approximately $500 million to $600 million.

Yesterday's announcement of 1,500 layoffs and the company's aim of shedding 6,000 employees, will bring its staff strength to around 28,800 employees worldwide.

A spokesman for Sun Microsystems said the latest round of lay offs will come from all levels of the company, both in the US and overseas including vice presidents and directors.

The company said in a statement that, "Sun continues to make important choices to streamline operations and align resources to best address market opportunity and position the company for improved financial performance and long-term growth."