Report: Sony to cut 10,000 jobs as part of restructuring efforts

Japan's largest business newspaper said the struggling electronics firm will slash about 6 percent of its global workforce

Sony will cut 10,000 jobs globally, or about 6 per cent of its workforce, this year as part of a restructuring plan under its new president, according to Japan's largest business paper.

The Nikkei, without citing sources, said the job cuts will likely be spread over development, manufacturing and management, in contrast to past reductions that have largely come through selling or combining its factories.

Sony has already said it will shave about 5000 workers through spinning off several non-core businesses, including its chemical operations and its small and mid-sized LCD (liquid crystal display) screen production, and the 10,000 figure will include those cuts. It is still unclear what portion of those employees will keep their jobs after they are transferred out of the company. The article did not specify where the other cuts would come.

A Sony spokesman said the company had no comment on the report which comes days before Sony President Kazuo Hirai, who officially took his post last week, is to address the media about his plans to turn the company around. Hirai will address a press conference on Thursday at Sony's Tokyo headquarters about his corporate strategy.

Sony, which has estimated it lost US$2.7 billion during the fiscal year that ended in March, is moving to refocus on its core consumer electronics businesses such as smartphones and tablets as well as network services. The company has suffered from the strong yen and last year's massive earthquake in northeastern Japan, but has also struggled to compete in key areas like TVs, and has piled up massive losses even as main competitors like Apple and Samsung have announced record profits.

Hirai has repeatedly said that jobs cuts are a possibility and that no area of the company is off limits. He takes the reigns from Howard Stringer, who took over in 2005 and also cut thousands of workers while selling off company assets to raise cash.

As of the end of March, Sony had 168,200 employees worldwide.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jay Alabaster

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?