Sony to downsize by 20,000 workers

[Michael Bluth]

Despite the continuing success of Sony's PlayStation 2, the company is expected to announce the elimination of thousands of employees in the coming months. According to a recently published report by the Nihon Keizai Shimbum, Sony will reduce their workforce by 12% or 20,000 employees as part of a global restructuring plan next year to cut costs.

Sony is reportedly under financial pressure following disappointing earnings in several segments of the company's business. As a result, the company is expected to slash production of several products including cathode-ray tube televisions and devote more resources to DVD recordable and flat-panel television production. Sony reportedly plans to hold a briefing for investors on October 28 to discuss their reorganization plans.


http://www.polygonmag.com/news/index.php?id=1004


Suddenly Microsoft's laying off of those 30 or so people in their Japanese game studio isn't so bad....

[Viper]

They are getting rid of non-flat panel TV's.....still the most popular selling TV and they are going forward with bullshit like the PSX? No wonder profits fell 97% this year.

[smellslikenintendospirit]

If Sony ever goes bankrupt, half of the Japanese population will be unemployed.

[peasantlover]

heh.. wanna hear something funny?
I listen to Tony Robbins sometimes (motivational speaker) for work... and he tells a story about Japannese electronic companies surpasssing American companies. He tells of this guy (an American) who went over there after WWII and taught them to make quality #1 over everything, and thats how they became successful. Tony Robbins specifically mentions Sony as the main example. I laugh when I hear that and think of the ps2, and its 6 month shelf life before breaking.

[Blaksmoke]

Oh yeah...Sony has that other stuff too.