SAN FRANCISCO-Sun Microsystems Inc. said Friday morning it will shed 5,000 to 6,000 jobs from its estimated 33,400-person workforce. The reduction, combined with a partial reorganization of the company, is meant to “align its cost model with the global economic climate” and “accelerate the introduction of compelling open source innovations,” the software company says.

The company’s worldwide real estate portfolio totals 12.8 million square feet of office, laboratory and manufacturing facilities, including 8.8 million square feet of leased space. In early 2006, the company had a 16.2-million-square-foot portfolio, including 8.9 million square feet of leased space. The company’s US portfolio totals 8.2 million square feet, including 5.2 million square feet of leased space. In the Silicon Valley, where the company is headquartered, it owns approximately two million square feet.

In mid-2006, two weeks after reported that its 1.4-million-sf campus in Newark, CA, was on the market, Sun Micro revealed it would shed up to 5,000 jobs by the end of the year as part of a plan to curtail four years of declining revenue. A couple of months later BioMed Realty Trust paid $215 million for the campus, which came with excess land for another 400,000 square feet of built space, and recast it as a home for life science tenants.

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