Report: Sony To Lay Off 10,000

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.