Report: Sony To Lay Off 10,000

Start your day with TPM.
Sign up for the Morning Memo newsletter

Sony will axe 10,000 employees worldwide, or 6 percent of its workforce, according to Japanese paper The Nikkei (via The Guardian). The drastic move comes as the first major action of Sony’s new CEO Kazuo Hirai, who began work at Sony in April. Sony has been struggling lately in the advent of the rise of Apple and Samsung, and is expected to post a $2.7 billion loss for the year of 2011, Bloomberg points out. 

Latest Livewire
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: