Sony is Cutting 10,000 Jobs – Many Coming From Flat Panel Production

Posted Mon Apr 9, 2012 at 11:00 AM PDT by Dick Ward

Kaz Hirai believes this is an essential step in turning Sony around.

Sony has been going through some rough times recently and the new CEO Kaz Hirai knows that some big changes have to happen if the company is going to turn around. One of those is, as he puts it, a painful step – laying off 10,000 employees. That's six percent of the current workforce.

5,000 of those jobs will be coming from parts of the company producing chemicals as well as small and medium sized LCD panels. Sony has predicted a $2.7 billion dollar loss for the last fiscal year and another losing year would put the company on the worst streak its ever been on.

Source: TWICE

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Tags: Kaz Hirai, Sony, Industry Trends (all tags)