[Chauncy Talon]

Sony to Axe 8,000 Jobs
Electronics division hit as economic crisis deepens.
by IGN Staff

UK, December 9, 2008 – Sony is to close 10% of its manufacturing sites, losing some 8,000 jobs in the process as the Japanese company feels the effects of the deepening economic crisis.

Sony is still believed to be incurring a loss on every PlayStation 3 that it sells, and financial expert Katsuhiko Mori told BBC that although “the number sounds big, this staff reduction won’t be enough. Sony doesn’t have any core businesses that generate stable profits – the next thing we want to see is what is going to be the business that will drive the company.”

The cutbacks come as Japan feels the impact of the global recession, with the country’s economy reportedly shrinking by some 0.5% in the past three months. Expected to be implemented by April 2010, there has been no confirmation where the cuts will take place, nor what impact they will have on Sony’s gaming division.

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That this rough as hell. We hope Sony can turn it around next year.

I do not want Trophies, Money or not even a title saying I am number "1". You can have your cheap trophies, paper titles, and dingy headbands. I am a "STORY" to my peers, a "LEGEND" for your kids to hear, and a "FOLKLORE" to keep you from dieing with fear - [b]Calvin D. Kates aka Chauncy "TRU" Talon. [/b]

[BA]

the recession is stronger than i thought it was

[Scatigno]

man everyone i know is broke as fuck.

Twitter.com/scatigno1
Youtube.com/scatigno9

[Chauncy Talon]

I know. I’m about to lose my job. I work for the automobile industry.

I do not want Trophies, Money or not even a title saying I am number "1". You can have your cheap trophies, paper titles, and dingy headbands. I am a "STORY" to my peers, a "LEGEND" for your kids to hear, and a "FOLKLORE" to keep you from dieing with fear - [b]Calvin D. Kates aka Chauncy "TRU" Talon. [/b]

[Szuter]

Black Attack;21340 wrote:

the recession is stronger than i thought it was

Yeah me too

War.
War never changes.

[Throwback Kid]

Yeah the Republicans fucked up very badly

This is sad and embarrassing the result that a mix of power + stupidity = The Great Depression II

[Artz]

dammit :mad:

[CELTIC]

wowza…i bet their stocks dropped.

[Szuter]

CELTIC;21403 wrote:

wowza…i bet their stocks dropped.

a bit more than half over the last year

War.
War never changes.

[Author]

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