Job cuts across the tech world
By Abby Michaud,
Sun Microsystems cut 1,300 jobs last year, and as many as 6,000 more cuts are expected. Sun believes the number of layoffs will help put the company on the correct track financially.
Sprint Nextel has let go of 8,000 people from its workforce, crediting the economic recession as the cause.
Philips also slashed 6,000 jobs after posting a net loss of €1.5 billion.
eBay cut 10 per cent of its workforce last October because of a low third quarter revenue.
Xerox will cut five per cent of its employees over the next six months, hopefully saving a total $200 million (£127 million) in annual costs.
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