good thing i keep my day job
Sony: 10,000 Jobs to Be Cut
Thursday, September 22, 2005
TOKYO ? Struggling electronics and entertainment conglomerate Sony Corp. (SNE) said on Thursday it would cut about 7 percent of its global work force, sell more than $1 billion in assets and post a loss this year.
With a restructuring plan that failed to excite some analysts, Sony (search) hopes to reverse its fading fortunes and catch up with rivals such as Matsushita Electric Industrial (MC) and Sharp Corp. in flat TVs and Apple Computer (AAPL) and its popular iPod player in the portable music industry.
http://www.foxnews.com/story/0,2933,170112,00.html