An analyst with Sanford Bernstein, Toni Sacconaghi, had estimated that Sun needed to cut 20% of their workforce to be able to get closer to righting themselves, mainly by raising operating margin by 5% - 7%.
Well, Sun has now announced a restructuring, which is hopefully realigning the company to be leaner and more efficient, while also laying off between 15% - 18% (translated, 5,000 - 6,000 employees)
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