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Old 11-15-2008, 10:00 AM   #1
LXer
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LXer: Sun Cuts 6,000 as Wall St. Cloud Spreads to Tech


Published at LXer:

Beleaguered server and software maker Sun Microsystems said Friday that it will lay off as many as 6,000 employees, or 18 percent of its worldwide workforce, over the next year. Sun's announcement appears to confirm fears that the economic turmoil that has overtaken the financial services and manufacturing sector has now spread to the technology sector.

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