Sun Microsystems plans to lay off as many as 5,000 employees WHY?

Sun Microsystems plans to lay off as many as 5,000 employees, sell real estate, and “simplify” its product line in an effort to boost profits, its newly appointed CEO Jonathan Schwartz said.

The reason given by CEO was

Schwartz CEO said Sun “will be simplifying our product line and reducing duplicative R&D” and highlighted products key to the company’s future, such as its eight-core processor Niagara server. But he didn’t explain what research and development the company now considered duplicative or how that product line would be simplified.

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