Skip to comments.Sony Announces 2,000 More Layoffs
Posted on 10/26/2012 7:21:52 PM PDT by advance_copy
Working at Sony (SNE) cant 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 companys full press release is posted below.
(Excerpt) Read more at bgr.com ...
Sony lost a billion dollars in it’s US operations last year.
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.
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.
engineers start companies, salesmen build them, accountants kill them and lawyers bury them