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Home News Sony Cutting 10,000 Jobs

GAMING NEWS

Sony Cutting 10,000 Jobs

Posted on Monday, April 9 @ 12:24:02 Eastern by

The Nikkei newspaper has reported that Sony is cutting 6 percent of its global workforce, as decided by new CEO Kazuo Hirai. This loss of approximately 10,000 jobs comes primarily due to the company's ailing TV business, with most of the cuts coming from its "chemicals and small and midsize LCD operations".

Earlier this year in February, Sony reported an extraordinary loss of $2 billion in net income.

Hirai will have a briefing this Thursday to investors on Sony's plans to recover. Yuuki Sakurai, head of fund manager Fukoko Capital, is not surprised by this move but he has a warning:
Under a new CEO, it's easier to cut jobs or go in a new direction. One of the things I'd like to see is that shift their resources to other areas outside TVs... If they stick to TVs, they may have to fight a war may not be able to win.
The good news then is that Sony will likely rebuild its strength through its other outlets such as mobile devices and video games, particularly the PS3, Vita, and the PS4 "Orbis".

[Source]
Tags:   Sony, PS3


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Comments
  • sandineyes
    sandineyes
    Joined: May 2008
    Posted: Apr 9th, 2012 at 12:40 pm
    It's like you can almost hear the voices of 10,000 people around the world screaming: "Kaaazz!"
    0 0
  • ShadeTail
    ShadeTail
    Joined: Nov 2006
    Posted: Apr 9th, 2012 at 3:43 pm
    Hmmm. I've been concerned about Sony for a while now, and this is the second massive layoff in as many years. They'd better turn things around soon, or else we'll be left with a two-console generation, and that would be bad for us consumers.
    0 0
  • LawnGnome
    LawnGnome
    Joined: Apr 2007
    Posted: Apr 9th, 2012 at 9:37 pm
    Actually, it's my understanding that the video game division is the only part of Sony that IS working. Nintendo, however, is probably going to make it a two-console generation soon. In fact, this generation has felt like there's only 2 consoles imo.
    0 0
  • ShadeTail
    ShadeTail
    Joined: Nov 2006
    Posted: Apr 10th, 2012 at 8:22 pm
    Sony's video game division is making money, that's true. But they're still pretty deep in the red, and the rest of the company is dragging them down. So it's still a serious worry.

    And your comment about Nintendo has me confused. Are you implying you think they'll put one of the other two out of business, or buy them up, or something?
    0 0

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