REPORT: Sony to cut 10,000 jobs

Posted at 7:52 AM, Apr 09, 2012
and last updated 2012-04-09 07:52:18-04

(CNN) – We’re getting a first glimpse at the restructuring plan by Sony’s news chief executive. Sony Corporation plans to layoff 10,000 people over a two fiscal year period – until March 2014 – according to the Wall Street Journal.

That equates to about six percent of Sony’s global workforce.

CEO Kazuo Hirai – who replaced Howard Stringer after four -straight years of losses at Sony – unveils the rest of his restructuring plan Thursday during a corporate strategy meeting.