Sony cutting 10,000 jobs by year-end


A lot is changing in and out at Sony as the new CEO Kazuo Hirai is responsible to overcome the 220 billion yen net loss for the fiscal year that just ended. The next step he's about to take is cut 10,000 jobs, or about 6 percent of its global workforce, by as early as the year-end. Sony may also request that its seven executive directors who served through the fiscal year to March, return their bonuses. 

Out of these 10,000 job-cuts, 5000 of the workers will be cut due to the restructuring of Sony's small and medium LCD businesses and the another 5,000 domestic and international cuts will be made by year end. It's unclear how many of the cuts would take place in Japan or overseas.

Last month the company announced restructuring of their entire corporation and decided to focus more on growing mobile market rather than bear huge losses in their TV business. Hirai is set to brief on the company's business plan on Thursday. 

Source | Via