Thread: Sony to cut 8,000 jobs
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Old 12-09-2008, 07:17 AM   #1
Gaurnim
Final Five n°42
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Sony to cut 8,000 jobs
Full title of the article:
Quote:
Sony to cut 8,000 jobs, slash $1.1 billion in costs
Link to the article:
http://www.reuters.com/article/newsO...4B816720081209

Excerpt:
Quote:
TOKYO (Reuters) - Japan's Sony Corp said it will cut about 4 percent of its workforce, curb investment and pull out of businesses to save $1.1 billion a year, as the financial crisis ravages demand for its electronics products.

The 8,000 job cuts are the biggest announced by an Asian firm so far in the crisis and underscore the challenges facing Sony, which has fallen behind Apple Inc's iPod in portable music and is losing money on flat TVs.
No specific word on ebook-related job cuts, let's hope it doesn't have any impact.
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