Java Industry News
Sun Appoints Cloud Computing Czar, Announces Job Cuts
Working across all of Sun, Senior Vice President, Dave Douglas, will lead the Company's cloud efforts
By: Cloud News Desk
Nov. 17, 2008 08:00 PM
Working across all of Sun, Senior Vice President, Dave Douglas, has been appointed today to lead the Company's cloud computing efforts. Simultaneously, in a package of "decisive actions to align Sun's business with global economic realities," Sun CEO Jonathan Schwartz announced a restructuring plan aimed at reducing costs by approximately $700 to $800 million annually - including a reduction of approximately 5,000 to 6,000 employees, representing approximately 15% to 18% of the Company's global workforce.
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