Sony Cuts Another 10,000 Jobs
Sony’s new, foreign CEO is trying to get the company back into the black, and is cutting 10,000 jobs (after recently cutting 20,000), shutting down 11 of their 65 plants, selling 120 billion yen worth of real estate, and is planning on reducing product models by 20%.
They have also posted a loss for the year, and analysts are saying the current restructuring plan just isn’t enough.
Sony: Please go out of business.
