10,000 to lose their jobs at Sony, no bonuses for execs either

09 April, 2012 | Comments (106) | Post your comment

Tags: Sony

Sony is on its way to cutting 10,000 jobs in an attempt to avoid a fourth consecutive financial year ending in a loss, according to Japanese newspaper Nikkei.

According to the report, 5,000 of the job cuts will be a result of reorganizing Sony's chemicals and panels businesses. The announcement of the painful step, as Sony's CEO Kazuo Hirai describes it, will be made on April 12.

He is also believed to reveal that senior executives won't be getting bonuses at all, after the company's reported loss for last year reached $3.2 billion. Sony joins Nokia in the job-axing quest, which should help optimize the workforce boost productivity and, ultimately, profits.

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10,000 to lose their jobs at Sony, no bonuses for execs either - reader comments

  • captainamerica

Maybe they can hire someone there without their head up their a**! Releasing great cellphones for japan only!? Guess they can't sell them in other major markets since no one else uses/buys cellphones.

  • Reply
  • 2012-05-18 21:45
  • ju$i
  • Tommy Madsen

This is a real shame, Sony has always provide quality products, products that we would never have seen without their workforce. I'm extremely glad to see that Sony's not paying out bonuses this year though, atleast we know the cut could not have been...

  • Reply
  • 2012-04-13 21:26
  • mqMn
  • Senbonzakura

This is bad...is there realy no other way?

  • Reply
  • 2012-04-13 10:46
  • ftb}