Sony Lays Off 10,000 Amidst A Record $6.4 Billion Net Loss

Posted: Apr 10 2012, 7:06am CDT | by , in News

 
Sony lays off 10,000 amidst a Record $6.4 billion Net Loss

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Sony is still not getting back on its feet. First the Japanese electronics maker announced a massive lay-off of 10,000 employees and now the company doubled their forecast for the loss of past year to $6.4 billion.

Sony is now in its forth year of generating loss. The once shiny electronics giant is not getting a grip on how to adjust to the new times where Apple products are the new cutting edge every other electronics maker is trying to reach. To cope with the predicted net loss of $6.4 billion for the year, Sony is laying off 10,000 employees.

Sony's TV business is likely the biggest problem child right now. The new PlayStation Vita's sales are not crazy and who knows if the upcoming PlayStation Orbis will be able thrive.

Via Reuters.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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