One of the largest technology companies in the world is hit hard by the economic crisis and is forced to let go of a couple of thousand of its employees and reorganize the whole company. Sun Microsystems, the company behind many software products such as MySQL, Open Storage and Open Office, as well as many other networking hardware and software products, announced today that they will be restructuring the company to save them $700-$800 million a year.
“Today, we have taken decisive actions to align Sun’s business with global economic realities and accelerate our delivery of key open source platform innovations – from MySQLTM to Sun’s latest Open Storage offerings,” said Jonathan Schwartz, CEO, Sun Microsystems. Read more… »
