Network computer maker Sun Microsystems says it is laying off about 1,000 workers as the company seeks to improve its financial results.
The California-based company has about 36,000 workers worldwide.
The move comes as the company, which has struggled in the tech downturn more than its main rivals, this week unveiled a new and simpler way of selling and distributing its business software and rolled out new computer servers and workstations.
Sun said in a statement that the job cuts were aimed at helping the company to achieve its fiscal 2004 "goals of growing revenues, improving profitability and increasing shareholder value."
Sun laid off 3,900 employees in October 2001 and another layoff of 4,400 was announced in October 2002.
In July, Sun reported quarterly profits that fell 80 per cent as revenue declined for the ninth consecutive quarter amid weak demand for computer servers, which run computer networks and help to power the Internet.
Shares of Sun rose 15 cents to close at $4.17 on the Nasdaq.