Sony To Cut About 10K Jobs

Posted by Zonk on Thursday September 22, 2005 @05:29AM from the fewer-trinitron-crafters dept.

Pichu0102 writes "Reported by the Washington Post, Sony says it will cut about 7% of its jobs as well as sell about $1 billion of it's assets. It also will declare a loss for this year." From the article: "To help boost efficiency, Sony said it has abolished the company system that Stringer said was preventing different business units from communicating freely, causing overlap in development and missed opportunities in the market. The electronics group will be reorganized to place centralized decision-making over key business areas under Ryoji Chubachi, who became Sony's new president and electronics CEO in a major overhaul of management in June." Another reorg on the heels of Microsoft's decision from earlier this week.

2 of 178 comments (clear)

Sony going Open Source! by scovetta · 2005-09-22 05:32 · Score: 4, Funny

Sony said it has abolished the company system that Stringer said was preventing different business units from communicating freely...

Sony is going Open Source???

--
Wer mit Ungeheuern kämpft, mag zusehn, dass er nicht dabei zum Ungeheuer wird. --Nietzsche
Call it the iPod effect... by xxxJonBoyxxx · 2005-09-22 05:41 · Score: 5, Funny

Call it the iPod effect - Sony's stockholders were not too pleased to see the people who brought you the Walkman get smacked around by the fucking iPod.