Sony’s financial problems aren’t news to anyone who has even a vague interest in the money behind the tech business. The company has lost substantial amounts of money over the past four years, with heavy losses in its television business. Recently, Sony admitted that its yearly financial report would include losses totalling around £2.1billion.
Recently promoted head of the company, Kaz Hirai, has admitted that there’s a sense of crisis and has been expected not to shy away from drastic measures to save the failing electronics giant.
Now, Japanese newspaper Nikkei, is reporting that Sony could be set to cut 10,000 jobs across the company before the end of 2012. That’s around six per cent of their global workforce. It is unknown what impact this will have on the still relatively successful PlayStation arm of Sony but such sweeping job cuts are likely to impact all areas of their business.
It is also reported that the company’s seven executive directors who served up to the end of the current fiscal year, including the now departed Sir Howard Stringer, have been asked to return their bonuses.