The Race

Sun has announced that it is going to cut 2,500 of its workforce. The company's share price fell 15 per cent in after hours trading on the Nasdaq. The job losses add up to around 7.5 per cent of Sun's 33,500 workforce. Sun filed a net loss of $34m for the quarter compared with a profit of $67m in the same period last year.

Via (Inquirer)

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