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Sony to Cut 10,000 Jobs Worldwide
September 22, 2005
It was announced today that Sony plans to cut 10,000 jobs worldwide, greatly reduce its number of factories, and cut its costs by 200 billion yen in an effort to breath life back into its electronics divisions.
These job cuts will result in 4,000 Japan-based employees being let go, as well as an additional 6,000 in the rest of the world. The company will also reduce its number of factories from 65 to 54.
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While these numbers are quite large, it doesn't appear that they will impact Sony's games division. In fact, the company has high hopes for their upcoming PlayStation 3 to be a major factor in turning their fortune around |
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