Reports: Sony To Cut 10,000 Jobs Over Next Year

Sony cutting jobsTOKYO -- Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday.

The Nikkei business daily and other media said Sony's decision to slash 6 percent of its workforce comes as it struggles with weak TV sales and swelling losses.

Sony spokeswoman Yoko Yasukouchi wouldn't confirm the reports.

New CEO Kazuo Hirai is holding a press conference Thursday.

Sony has announced restructuring plans by selling its chemical unit. Sony is also merging its LCD panel operation with Toshiba and Hitachi. Yasukouchi said those changes could affect up to 5,000 employees who are subject to transfers.

Sony earlier this year reported a 159 billion yen ($2.1 billion) loss for the October-December quarter and more than doubled its projected loss for the full fiscal year through March 2013.

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Sony to Cut Estimated 10,000 Jobs

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Funny how the Obama government keeps spinning "good" job numbers...yet all you ever read about are announced layoffs and the thousands. Replacing a job at Sony or Citigroup with a job at McDonald's or Burger King isn't a "break even" Obama!

April 10 2012 at 12:03 AM Report abuse rate up rate down Reply

i stopped buying sony crap 6 or more years ago. apparently alot of other people did too. vote economically with your dollars.

April 09 2012 at 10:07 PM Report abuse rate up rate down Reply

Maybe the CEO and the board members of Sony should reduce their out of control compensation packages. Maybe then they would not have to let that many people go. It is sad to see that a great company like Sony will be shut down soon.

April 09 2012 at 9:00 PM Report abuse rate up rate down Reply

This simply can't be true! Our administration has told us the economy is recovering, and golly, they wouldn't lie to us for purely political purposes. Would they?

April 09 2012 at 3:44 PM Report abuse +1 rate up rate down Reply

Sony products are great, but the products are not the problem. You see, I could actually fix Sony, but they didn't ask me. Here is a small clue: in three years passive reception wont even exist. What is passive reception ? It's where you sit and wait for your favorite programming to come over a cable or satellite at a pre-determined time. For example, Showtime cable "Starwars the Empires Strikes Back" at 8:pm Tuesday night. Instead, you are gonna log-on, click on your selection, and enjoy it, no waiting. TVs with remote controls wont even be sold.

Something else is going to replace troublesome satellite reception, neutrino reception.
Neutrinos can pass through solid materials, even through the Earth. A neutrino signal can be transmitted
from New York to China right through the Earth, and is not affected by weather. This technology is about 10 or 15 years away. And there is even more coming....Alfred-

April 09 2012 at 2:09 PM Report abuse rate up rate down Reply
2 replies to alfredschrader's comment

Very interesting TY. I often wonder when the Trekkie "Transporter Room" is going to debut. There goes the airlines, trains, cars. By jove! The answer to air pollution. Just being flip. Good post.

April 09 2012 at 4:13 PM Report abuse rate up rate down Reply

Alfred, you're off your medication again. Neutrinos are created as a result of certain types of radioactive decay, or nuclear reactions such as those that take place in the Sun and in nuclear reactors. Are studio going to have nuclear reactors to supply their neutrinos?

April 09 2012 at 6:15 PM Report abuse rate up rate down Reply

as tech. and robotics improve ,there will be less need for people.

April 09 2012 at 1:10 PM Report abuse rate up rate down Reply

So, now all of those 10,000 workers can just make believe that they have employment?

April 09 2012 at 12:22 PM Report abuse rate up rate down Reply
1 reply to ThinkUp70's comment

Only in the Obama Economy!!

April 09 2012 at 7:09 PM Report abuse -2 rate up rate down Reply

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