Eddie_the_Hated
-
Total Posts
:
8015
- Joined: Jan 17, 2006
- Location: Wayne, MI
|
How will the recession effect the game industry?
-
Dec 09, 2008 23:20
An open thread. Article 1: Sony cuts 16,000 jobs. almost 5% of workforce. Reuters Reports:
TOKYO (Reuters) - Japan's Sony Corp said it will cut 16,000 jobs, curb investment and pull out of businesses to save $1.1 billion a year as the financial crisis ravages demand for its electronics products.
The job cuts are the biggest announced by an Asian company so far in the crisis and underscore the challenges facing Sony, which has fallen behind Apple Inc's iPod in portable music and is losing money on flat TVs.
Sony said it would cut 8,000 regular workers, or roughly 4 percent of its workforce of 185,800, and an equal number or more temporary and contract staff.
|
|