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Today, Sun Microsystems announced a restructuring plan that involves reducing its global workforce by 5,000-6,000 employees, or 15%-18% of its total staff. Under this plan, the MySQL division may be more protected.

Sun posted a loss of $1.67 billion this quarter.

The employee axing will save Sun around $700 and $800 million annually.

Jonathan Schwartz, Sun’s CEO said, Today, we have taken decisive actions to align Sun’s business with global economic realities and accelerate our delivery of key open source platform innovations — from MySQL to Sun’s latest Open Storage offerings.

Rich Green, Executive Vice President of Software, also announced his resignation today as Sun reorganizes its software division into new groups. The new groups are broken into the Application Platform Software group which will handle Sun’s Java technology franchise, MySQL open source database products, and software infrastructure products such as GlassFish Application Server.

It is a chaotic time for the global workforce as the economy has to be stabilized quickly, otherwise it will lead to a massive massacre.

[via Zdnet]