Technology news and technology widget

Will reduce global workforce by 15-18%

Could Sun's cuts and restructuring better position the struggling server vendor for a buyout?

Sun is laying off 15 to 18 percent of its employees as part of a restructuring plan aimed at saving $700 million to $800 million a year, and its top software executive is leaving the company, Sun said Friday.

Google China boss Kai-Fu Lee on why his learning curve was so short.

The financial news for IT just keeps getting worse, with bellwethers like Intel cutting revenue guidance, shares of high-flyers like Google sinking to multiyear low, Sun slashing up to 18 percent of its workforce, and market researchers at IDC and Citigroup slashing forecasts.

Software and computer networking company Sun Microsystems, Inc. announced Friday it will cut up to 18%, or 6,000, of its staff in a cost-cutting move.

UPDATED: Court rules search giant must remove links and pay fines.

Priceline.com gave hope to a listless stock market late Monday with much higher than expected quarterly earnings.

Stocks fell again on Monday, but the pullback has yet to do lasting damage.

Intel's grim sales warning this week has investors nervous that AMD will soon follow. It very well could, but AMD has one big advantage over Intel.