in_the_media
Layoffs may not help Sony's bottom line
Posted Apr 9, 2012
Media Outlet:
American Public Media’s "Marketplace"
Sony is reportedly going to cut 10,000 jobs by the end of this year. The job cuts -- 6 percent of Sony's workforce -- will come from selling off side businesses and likely cuts to manufacturing. Jeff Kingston of Temple University, Japan Campus, says huge layoffs are rare in Japan. And there's not much hope the cuts will lead to Sony's recovery. "Most people here think Sony's best days are behind it," he said.