Sun lets 5,000 people go

The loss of around 12 per cent of its workforce will save it half a billion dollar per annum. It will take charges to the same amount as it restructures.

Sun Microsystems will also flog off its site in Newark, in California, and will give up a facility in Sunnyvale, also in California, America.

Jonathan Schwartz, the new CEO, may have a pony tail but that means nothing in the 21st century. His pony tail was not the subject of discussion in the conference call. Schwartz wants to improve the profitability of the firm, so has had to take stern decisions. µ