Sony is about to terminate 10,000 employees this year due to the losses the company has registered in the past. According to Nikkei newspaper, the company will cut off 6 percent of its total workforce globally before the end of this year. The company’s top level executives will also be asked to return their bonuses.
The report mentions that this loss-making electronics firm will request its seven directors to give back their bonuses who served through the fiscal year to March, including Chairman Howard Stringer. For now, Sony has not officially commented on this report. We will update this post as soon as we hear more.
UPDATE: Sony has denied the job cut to the BBC.
UPDATE2: Conflicting reports pouring in. The Wall Street Journal has flashed news that Sony will indeed cut 10,000 jobs but over a period of two years.
Sony, speaking to the BBC, have denied the Nikkei newspaper report that they’re about to axe 10,000 jobs
— Tim Weber (@tim_weber) April 9, 2012
Breaking: Sony Corp. will cut an estimated 10,000 jobs in the next two years as part of a restructuring plan. wsj.com
— Wall Street Journal (@WSJ) April 9, 2012