Sun Microsystems to Cut 300 Jobs

Sun Microsystems Inc., whose server computers run Internet sites and corporate networks, is reducing its work force by 300, or less than 1%, this fiscal year to trim costs as it copes with a drop in sales.

Sun isn’t firing anyone right now, though that may happen later this year, a spokeswoman said. The reduction will take place in the year ending in June through attrition and a slowdown in hiring, and some employees will be required to transfer to other jobs at Sun to avoid being fired.

Shares of Palo Alto-based Sun Micro rose 77 cents, or 5%, to $16.29 on Nasdaq.