Sony

In the lead-up to this election, several CEOs sent email blasts to their staff, urging them to vote for Mitt Romney or brace for a bloodbath of layoffs. But with Barack Obama now president for another four years, will these employers or others follow through on their warnings? Fox News thinks so, announcing ...

Sony said it will lay off staff in its headquarters by a fifth and shutter a factory making camera lenses and mobile phones in Japan, providing new details of a previously announced plan to trim its global headcount by 10,000 by end-March. ...

TOKYO -- 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. ...

By Beth Braccio Hering Imagine a 1950s auto mechanic stepping into a modern repair shop. While some familiar hand tools would remain, the worker would be stunned by the sophisticated diagnostic equipment needed to work on ordinary cars equipped with computers and electronic components. The mechanic's ...