SANTA CLARA, Calif., Nov. 14 (UPI) -- U.S. technology giant Sun Microsystems said Friday it planned to cut 5,000 to 6,000 jobs as part of a program aimed at saving up to $800 million per 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, Chief Executive Officer Jonathan Schwartz said in a statement.
The company said the cost savings would require up to $600 million to implement, but it expected to begin realizing savings by the third quarter of 2009.
The company had announced in May it would layoff between 1,500 and 2,500 workers, putting the year's job reduction potentially as high as 8,500.
Along with the announcement, the company said Rich Green, its executive vice president of software, had resigned.
