According to Reuters, Sony is cutting 10,000 (6%) jobs of its global workforce. This announcement comes ahead of an investor briefing on Thursday, by new Sony CEO Kazuo Hirai who took over the job from Howard Stringer. Hirai is expected to talk about how Sony plans to turn its four years of being in the red, back into the black. Sony had forecasted a net loss of $2.7 billion for the fiscal year that just ended. The main cause of the loss is its TV business.
"Under a new CEO, it's easier to cut jobs or go in a new direction," said Yuuki Sakurai, head of fund manager
oku Capital. "One of the things I'd like to see is that they shift their resources to other areas outside TVs ... If they stick to TVs, they may have to fight a war they may not be able to win."
Nikkei said that 5,000 of the job cuts will come from the "the firm's chemicals and small and midsize LCD operations." On April 1 Sony merged its Sony Mobile display unit, with Toshiba and Hitachi into a new firm called Japan Display. However there was nothing specific of whether the cuts will take place in Japan or elsewhere.