No Pay Rise For Sony Staff

Looks like Sony are feeling the pinch. Quick, buy Sackboy a t-shirt.

The PS3’s price might be coming down, but it appears that the staff wages at Sony won’t be going up, as Sony Corp has frozen its employee’s salaries for a whole year, starting next month.  The company’s flagging profitability is to blame for the freeze, which also includes a reduction in the staff bonuses from six months pay to just four and annual compensation for managers down to 20% from 30, according to news agency Nikkei, who said “Executives will also be slugged with huge cuts to bonuses and salaries.”

Sony have already announced plans to cut $2.8 Billion in costs by next year following estimates that it’s to lose $1.68 Billion for this financial year.

Via GamesIndustry.

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