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Monday
Apr092012

Sony to make Workforce Cuts

Sony Corp.will cut 10,000 jobs, or 6% of its workforce, as the Japanese electronics conglomerate and its new chief executive try to get back to profitability.

Kazuo Hirai, the new CEO of Sony will make the cuts.

Much of the employee scale-backs will come from Sony’s television division which has been losing money for the better part of a decade to lower-cost competitors such as Samsung and Vizio.

Roughly half of the job cuts will stem from recent deals, including Sony’s sale of a chemicals company last month and a spinoff of its LCD production capabilities into a joint operation with Hitachi and Toshiba.

The cuts apparently going to happen worldwide.

Sony has already cycled through several rounds of severe layoffs, which have claimed tens of thousands of jobs since 2005.

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