Not good news for Sun employees. Sun plans to hand out $100 to $150 million in severances according to a filing with the US Securities and Exchange Commission. No word yet on how many employees will be affected but it’s definite that Sun will be trimming down it’s 34,219 strong workforce.

Sun executives decided to make the cuts despite announcing impressive earnings last week. Sun reported on July 30 that it had made a profit of $329 million for its most recent fiscal quarter, a striking rebound from the company’s performance in the same period last year, when it lost $301 million.

Since Sun’s not stating which group in particular will be affected, I guess that would leave many praying for job security(or perhaps they already know). I could just imagine the stress their people are going through now. While the IT job market still presents many opportunities, being laid off is just a bad experience. Unemployment is tough phase to go through for every professional.

Achieving profit targets still rely on two options – increasing sales and reducing costs. Too bad Sun’s now focusing on the latter.

Via Computerworld