Sony to cut 10,000 jobs worldwide

Sony plans to cut 10,000 jobs, or about 6 percent of its global workforce, Nikkei reports.

The layoffs will most likely happen in Sony’s chemicals and small and midsize LCD operations, Nikkei claims, but it’s not clear whether Sony will cut its workforce in Japan or overseas.

The move comes after a dismal yearly forecast and a change of leadership, with former executive deputy president Kazuo Hirai replacing Howard Stringer as president and CEO.

According to Nikkei‘s sources, Sony might also request that its seven executive directors — including Stringer — return their yearly bonuses. Read More

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