Tech firms cut jobs

Three large tech firms in Santa Clara, CA, have announced significant job cuts this past week (see here). The most recent is Sun Microsystems, announcing that between 5,000 and 6,000 jobs will be shed. Sun's CEO, Johnathon Schwartz was quoted here as saying “The focus here is to eliminate some of the inefficiencies that have made it hard to do business with Sun,”and the (short-term) result should be a significant cut to expenditures.