The axe will fall: Sony to lay off 16,000, PlayStation group under review
We are finally seeing the first real effects of Sony‘s financial downturn. They’ve announced that they will be axing 16,000 jobs as part of their effort to improve their finances. The PlayStation group is currently under review for structural changes as well.
Christmas is looking bleak this year.
We are finally seeing the first real effects of Sony‘s financial downturn.
Last October, they announced a 57% slash on their earnings for this fiscal year. Now, they’ve announced that they will be axing 16,000 jobs as part of their effort to improve their finances.
Around 8,000 of this number will be full-time workers – that’s about 5% of their workforce. The other half will include seasonal and temporary workers. The big axe will fall by April 2010.
Aside from the layoffs, Sony will also be moving away from unprofitable businesses by March 2010. The PlayStation group is currently under review for structural changes as well, though it was not specified just how much they will be affected. Previous statements from Sony suggest it won’t be affected much, though who can really tell?
Sony Computer Entertainment released this statement:
In order to stay competitive in the accelerating global network environment, we will always carefully review and make structural changes, if necessary, in order to further expand and strengthen the PlayStation business around the world
Christmas is looking bleak this year.
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