Sony Reportedly Cutting 10,000 Jobs The one-time leader in entertainment technology has fallen behind rivals like Apple and Samsung, losing money for four straight years. But Sony's new CEO is trying to turn it around. According to Japanese news reports and the Wall Street Journal, that involves eliminating 10,000 jobs worldwide — about 6 percent of its overall workforce.
NPR logo

Sony Reportedly Cutting 10,000 Jobs

  • Download
  • <iframe src="https://www.npr.org/player/embed/150281231/150281464" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Sony Reportedly Cutting 10,000 Jobs

Sony Reportedly Cutting 10,000 Jobs

  • Download
  • <iframe src="https://www.npr.org/player/embed/150281231/150281464" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with big layoffs at Sony.

(SOUNDBITE OF MUSIC)

MONTAGNE: The one-time leader in entertainment technology is trying to regain its edge, and that means painful changes. According to Japanese news reports and The Wall Street Journal, Sony plans to eliminate 10,000 jobs worldwide. That's about 6 percent of its overall workforce.

The cuts are part of bigger changes at the company. Sony has a new CEO. He's trying to turn around a corporation that has lost money for the last four years. Sony has been falling behind its consumer electronics rivals, like Apple and Samsung.

Copyright © 2012 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.