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10
April
2012

Sony to cut 10,000 jobs

Sony Corp will cut 10,000 jobs worldwide, according to a report by the Nikkei newspaper.
The cuts would make up about 6 percent of Sony's global workforce.

According to the Wall St Journal, which cites sources familiar with the matter, the cuts could be made over the next two fiscal years and are part of new CEO Kazuo Hirai's broader restructuring plan for the company.

Several of the cuts have already been announced as part of the sale a chemicals subsidiary to the Development Bank of Japan and the spin off production of small liquid crystal displays into a joint venture with Hitachi and Toshiba.

Details of the cuts are expected to be announced on Thursday.
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