Sony are axing 10,000 jobs, which is about 7% of its workforce, though fortunately for CMU readers, that's Sony Corp not Sony Music. New Sony boss Howard Stringer announced the job cuts yesterday as part of his bid to turn round the electronics giant's fortunes - they are expected to make a 10 billion yen (just over £50 million) loss this financial year. Stringer said the company need to respond to "tremendous pressure in the marketplace" with a "sense of urgency". The cuts were actually less than some analysts expected, though in home country Japan, where 4000 of the jobs will be lost, such major downsizing is actually quite unusual and therefore will come as something of a shock. Remains to be seen if Stringer has any similarly radical plans for the struggling Connect / Walkman bits of Sony's electronics empire.
Sep 23, 2005
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1 min read
Sony to cut 10,000 jobs at electronics arm under Howard Stringer
Sony Corp plans to axe around 10,000 jobs, about 7% of its workforce, as new boss Howard Stringer seeks to turn round the electronics group.