Tuesday, April 10, 2012

Sony to cut 10,000 jobs

Sony Corp. is planning to cut some 10,000 jobs over the next two fiscal years, following four straight years of losses as the company has failed to compete with Apple Inc.?

The possible layoffs are part of a restructuring plan by Sony's new chief executive officer, Kazuo Hirai.

Hirai is working to turn around the company's struggling electronics business.

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