Sony to reduce work force with 10000 jobs
10 April 2012 by Olav Hellesø-Knutsen
Sony is about to reduce its work force with 10,000 employees. About 6% of the total head count
Sony will cut 10,000 jobs as a part of a restructuring plan a source told Wsj. Sony's President and CEO Kazuo Hirai became the head of Sony Corp on April 1st this year. Just days after the appointment he made the decision to cut the work force by 10,000.
It is not the first time in recent years that the Japanese company has chosen to reduce its work force. In last quarter 2008 Sony reduced the headcount in the electronics business by 16,000 out of approx 160,000 employees.
Last time we checked, Sony made most of its money by selling life insurance via the Sony Financial Services division.
The cuts will be done over the next two years until March 2014. Most of the cuts are expected to affect the television division which has lost money the last eight years.
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I also hear Sony overall have made a $6b loss. Which is worrying if its across the entire company.
Im a playstation 3 user, id hate to have to buy an xbox next time around !
It seems Samsung are now the global force in all fields to be reckoned with. They seem to be doing better than Sony.
Didnt i read somewhere however Samsung didnt make much money this past twelve months apart from their mobile division which turned in a stonking amount of revenue ?
I think smartphones are taking over the world, they've almost put compact digital cameras into the obsolete bin..