Wednesday, May 31

Sun cutting costs

It must be hard to be Jonathan Schwartz a day like this, starting his career as CEO with a 10% head count reduction. Not really news, just a matter of when this would happen. Wall street has been pushing for cost reductions for quite some time now.
Lets hope things will be for the better than Schwartz will be remembered as the man who brought Sun back in to a profitable company.
The statement from Schwartz was pretty clear though. Focus the buisness around the core products and the technology they already have and spend less on specialiced systems.

I'm still convinced Sun will stand strong and keep growing its market share in a number of sectors.

Schwartz has already got a long entry in his blog.

Read the official press release.

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