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.
Via
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.
Via
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