Sony Cuts 10,000 Jobs, Suffers Record Losses

http://www.techweekeurope.co.uk/news/sony-cuts-10000-jobs-suffers-record-losses-71991

On Tuesday, Sony revealed record net losses of $6.4 billion (£4b), after a fourth year of not turning a profit.

New Sony CEO Kazuo Hirai has announced the lay-offs will take place during the next two years, alongside serious restructuring of the company. Hirai hopes he can return it to profit by the end of next financial year.

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