Sony to Slash 16,000 Jobs, Downsize Investments

Sony to Slash 16,000 Jobs, Downsize Investments

The New York Times reports that Sony will dismiss 8,000 workers and reduce its planned investments in a bid to counter the effects of worldwide economic recession.

The 8,000 full-time jobs represent 5% of Sony’s workforce in its electronics business. Sony also plans to slash another 8,000 temporary and contractual employees for a total of 16,000-strong reduction in its workforce.

The electronics giant will also reduce its investments in the fiscal year ending March 31, 2010, by about 30 percent compared to its mid-term plan. Sony will downsize its investments in CMOS images sensor, TV and other product areas.

[Via: New York Times]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

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