Sun to Cut More than 5,000 Jobs

[qi:011] Sun Microsystems (s java) today announced that it is going to cut between 15 and 18 percent of its work force. That’s somewhere between 5,000 and 6,000 jobs. The company plans to cut its annual costs by between $600 million and $800 million. It blamed the cuts on the global economic downturn. But I think that like many other companies, Sun is using the downturn as an excuse for what were pre-existing problems, foretold by its stock price, which seems to be in an unending swoon. The cuts also come with the rearrangement of executive responsibilities, prompting Larry Dignan to write: “Sun is a company mired in what seems like a never-ending transition.”
Here are some of the changes:
* Anil Gadre, currently Chief Marketing Officer, will now head up the Application Platform Software business, which would include Java, MySQL and other such stuff.
* John Fowler will now lead Systems Platforms, which includes some of its new storage and analytics products.
* Dave Douglas will head up company’s Cloud Computing & Developer Platforms units, including the efforts.
Will these help? I am sure they can’t hurt. Or as someone recently said — leaky oil tankers take a long time to sink, so there is enough time to patch stuff up.