Sony will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said today. The decision to slash 6% of its work force comes as it struggles with weak TV sales and swelling losses. New CEO Kazuo Hirai may announce the cuts at a press conference Thursday.
Sony has announced restructuring plans by selling its chemical unit. Sony is also merging its LCD panel operation with Toshiba and Hitachi. A spokesman said those changes could affect up to 5,000 employees who are subject to transfers. Sony earlier this year reported a $2.1 billion loss for the October-December quarter and more than doubled its projected loss for the full fiscal year through March 2013.