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The penny drops for thousands of Sun employees Thursday morning, according to ZDNet columnist Tom Foremski. CEO Jon Schwartz (pictured) will announce a round of layoffs, part of the 4000 to 5000 layoffs Sun promised in May.

And now we have an altogether better reason to attend the Supernova 2006 conference in San Fran: Schwartz speaks there Thursday morning. Cocktails on Valleywag's dime for anyone who asks him (in public) whether he'll fire thousands of people before or after lunch.

Seriously. Double the cocktails if we get it on video.

Sun CEO will announce thousands of layoffs this Thursday [ZDNet]