Sony to cut 10,000 jobs and slash bonuses, says Japanese newspaper

There have been some major adjustments at Sony HQ already, but Japanese business sheet Nikkei reckons they're nothing compared to what's on the horizon. It reports that, come an announcement on April 12th, Kaz Hirai will reveal plans to clear out 10,000 jobs by the end of this year -- that's six percent of his workforce. The paper also says that seven execs, including chairman Howard Stringer, could be asked to forgo their bonuses, as the company concedes a $3.2 billion loss for 2011. It's a just a single report and it's entirely possible that none of this will happen, but merely the hint of such austerity could perhaps serve Hirai's interests, even if he ends up being less drastic when Thursday comes around.

Sony to cut 10,000 jobs and slash bonuses, says Japanese newspaper originally appeared on Engadget on Mon, 09 Apr 2012 04:10:00 EDT. Please see our terms for use of feeds.

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