According to a recent report by the Nikkei, Sony will cut around 10,000 jobs from its worldwide workforce in an attempt to turn the company around and start making a profit again.
Over the last four years Sony has made a loss each year, and now the company and its CEO Kazuo Hirai are looking to reduce their 168,200 employees by 10,000, the last time Sony did this was back in 2008 when it cut 16,000 jobs.
It isn’t clear as yet whether the 10,000 job cuts will be enough to turn Sony around and it is expecte to report a net loss of 220 billion YEN, about $2.7 billion for its last fiscal year.
Source Reuters
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