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RumorTT: Sony to cut 10,000 jobs to return to profitability as new CEO takes over

Rumor: Sony to layoff 10,000 employees in an attempt to return to profitability.

| Business, Financial & Legal News | Posted: Apr 9, 2012 10:26 pm

Sony isn't doing very well. According to one report, they haven't been profitable in 7 years. Another report pegs that number at 4 years. Either way, it paints a bleak picture as to the standing of the once giant company. A new report by Japanese newspaper Nikkei says that Sony is preparing to layoff 10,000 workers.

 

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10,000 workers is 6 percent of Sony's entire workforce. And this isn't the first time that Sony has made large layoffs such as this. Sony previously laid off 10,000 workers in 2005 and killed 8,000 temporary positions in 2008. But even those cuts weren't enough to save its TV business. These forthcoming cuts are expected to address the TV division as well.

 

More news will be forthcoming this Thursday when the new CEO, Kaz Hirai, addresses investors. The plan should include Sony focusing on its core businesses, but it's not exactly clear what those are. This is just a rumor as of right now, but we expect it to be confirmed this Thursday. More as it comes.

NEWS SOURCES:Techradar.com

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