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Sony Chief Unveils Plans to Revive Company

April 12, 2012

Promising change and announcing a string of goals Sony's chief executive, Kazuo Hirai, laid out a revival plan for the struggling electronics and entertainment company, including a focus away from its unprofitable television business and a plan to cut 10,000 jobs.

Sony is headed for its fourth consecutive year of losses, battered on all sides by nimbler rivals and putting pressure on Mr. Hirai, who took charge at Sony this month, to chart a turnaround.

"The time for Sony to change is now," Mr. Hirai said during a news conference Thursday, his first

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