Sony Restructuring Will Cost 10,000 Jobs

Confirming weeks of reports, Sony announced Thursday that its “One Sony” restructuring initiative will entail the company cutting 10,000 jobs worldwide.

The initiative’s goals, new CEO Kazuo Hirai announced, include strengthening its imaging, gaming and mobile businesses, turning around its TV side, expanding in emerging market, accelerating innovation and realigning its business portfolio.

See the full announcement here.

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