News Section Logo NEWS - Return to news section


Sony to Lay off 4% of Workforce

Posted by: , 06:56 AEDT, Wed December 10, 2008

Permanent Link     Add Comments
submit to reddit
Rough economic times and low demand for consumer electronics has caused Sony to cut 8,000 workers

Sony said it would slash 8,000 jobs, scale back investments, and pull out of businesses as it hopes to save over $1.1 billion in costs from its electronics division.

"For the first time in a long time, consumers actually think twice before they buy the new gadget or choose to upgrade their phone."

Sony is undergoing restructuring steps to overcome its slip behind Apple Inc's iPod in the portable music market and is struggling to make money on flat panel TVs.


Related News:

News Icon Sony's Plans

posted by: Jonathan M, 08:17 AEST, Sat October 14, 2006

News Icon Bringing prime time to video iPod

posted by: Sean F, 03:53 AEDT, Thu December 15, 2005

News Icon Massive Storage Capability

posted by: Jonathan M, 08:48 AEDT, Tue November 21, 2006

News Icon Details on the Latest Firmware for PSP & PS3

posted by: Jonathan M, 06:25 AEDT, Tue October 14, 2008

News Icon Life After HD-DVD Death

posted by: Jonathan M, 08:42 AEDT, Fri March 7, 2008