New York Times: Crisis Spreads to Tech Sector as Sun to Cut Work Force.
Joining a rapidly growing list of technology companies reeling from the financial turmoil, Sun Microsystems, which sells server computers, has started a broad restructuring that could see up to 6,000 employees lose their jobs.
I spotted the above article earlier this morning and it just struck me as being off base. Sure, you can connect the layoffs at Sun Microsystems with the sub-prime mortgage crisis. However, while the financial implosion and the Sun layoffs are occurring at roughly the same time, any connection is coincidental rather than causational. Sun was on the list of reeling technology companies long before the sub-prime crisis hit. Now, if Google or Apple announced layoffs of the magnitude that Sun announced…