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Sony to axe 10,000 jobs

10 Apr 2012 12:00 AM | Anonymous

Sony is set to cut 10,000 jobs globally, according to Japanese business paper Nikkei. The electronics firm will lose 6% of its workforce as part of a restructuring plan under new president Kazuo Hirai.

The job cuts are likely to be widespread, affecting development, manufacturing and management. Previously, cuts have come as part of the selling or consolidation of factories.

Sony is moving to refocus on its principal consumer electronics businesses, such as smartphones and tablets, after estimated losses of $2.7 billion during the fiscal year that ended in March. The electronics giant has struggled to compete in crucial areas, such as TVs, making massive losses even as rivals like Apple and Samsung have announced record profits. The establishment has also suffered from the strong yen and last year's massive earthquake in Japan.

Sony President Kazuo Hirai, who officially took his post last week, is set to address the media about his plans to turn the company around. A Sony spokesman said the company had no comment on the report.

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