Hey guys;
Today I was reading the local newspaper, when BANG, I found this. I did the translation, sorry if there are errors.
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10,000 laid off in Sony
Tokyo - Sony Corp announced their first loss in more than ten years, and precised that they would eliminate 10,000 positions after loosing leadership in music players and TVs due to competitors like Apple Computers Inc. and Sharp Corp. and the downgrade of their stock.
The second worldwide maker of electronics said that it would cut its labor (people) by 6.6% by March 2008 and close down eleven plants, said Howard Stringer, CEO, in a press conference in Tokyo, where he predicted a loss of $90 million, which changes the sales forecast set last july. (Bloomberg)
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This is really big, but at the same time, it isn't. If it's by 2008, would this affect their games division? How many of those 10,000 would be from SCE? Can anyone track the original article from Bloomberg?
With rumors of PS3 launching in 2007 if the Xbox 360 doesn't sell well, is it possible they are not just watching the market, but also their pockets and how much of a loss they can take with PS3?