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Sony Announces 2,000 More Layoffs
BGR ^ | 10/19/12

Posted on 10/26/2012 7:21:52 PM PDT by advance_copy

Working at Sony (SNE) can’t be very much fun at the moment, as the company on Friday announced another round of layoffs that will reduce its workforce by 2,000 employees by the end of the year. Sony said that roughly half of the layoffs are “expected to be in support functions, including the headquarters of Sony” in Japan. Sony first announced plans to cut its workforce by 10,000 this past spring, and over the summer the company cut 1,000 workers from its mobile division. The company’s full press release is posted below.

(Excerpt) Read more at ...

TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 2012; obamanomics
1 posted on 10/26/2012 7:21:54 PM PDT by advance_copy
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To: advance_copy

Sony lost a billion dollars in it’s US operations last year.

2 posted on 10/26/2012 7:26:34 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Farmer Dean

Did the wheels ever fall off this company. They made just about the only GOOD Japanese stuff in the 60’s, and continue through the mid-80’s. They have been spiraling down for a long time. I repaired my brother’s Sony CD player a while ago, and it was as junky as everyone else’s.

3 posted on 10/26/2012 7:41:24 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie
I used to be a proud Sony employee, both in Japan and the United States. We made great stuff and great quality.

Things begin to go south when bean counters replaced great engineers at the helm. Many of us hoped they would come to their senses, but things only got worse when Howard Stringer took over.

He talked a good game and was a superb brown-noser, but many of us could read the tea leaves and bailed.

I did so in 2008 and kept a little Sony stock for nostalgia sake. It is now worth about half what it was then.

4 posted on 10/26/2012 8:26:54 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Vigilanteman
S_O_N_Y used to be an alternate spelling for G_O_L_D...

engineers start companies, salesmen build them, accountants kill them and lawyers bury them

5 posted on 10/26/2012 9:51:39 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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