In 2007-2008, Sun posted revenue of $13.8 billion and had $2 billion in cash. First-quarter 2008 losses were $1.68 billion; revenue fell 7% to $12.99 billion. Suns stock lost 80% of its value November 2007 to November 2008, reducing the companys market value to $3 billion. With falling sales to large corporate clients, Sun announced plans to lay off 5,000 to 6,000 workers, or 15-18% of its work force. It expected to save $700 million to $800 million a year as a result of the moves, while also taking up to $600 million in charges.. How many billion did Sun's revenue fall by in the first quarter of 2008?