Today's Hard|Forum Post
Today's Hard|Forum Post

Monday April 09, 2012

Sony Expected To Slash 10,000 Jobs

According to a new report, Sony is expected to cut 10,000 jobs by the end of the year. The only good news, if you can even call it that, it that Sony will also be asking its top executives to forfeit their bonuses as well.

The Japanese business newspaper also reports (subscription required) that seven executives -- including chairman and former CEO Howard Stringer -- may be asked to forfeit their bonuses. The report comes on the heels of the electronics and software giant recording a loss of 260 billion yen ($3.2 billion) for the 2011 fiscal year.