{"id":29150,"date":"2012-05-13T11:51:45","date_gmt":"2012-05-13T15:51:45","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29150"},"modified":"2012-05-13T11:51:45","modified_gmt":"2012-05-13T15:51:45","slug":"sony-to-cut-1000-jobs-globally","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/05\/13\/sony-to-cut-1000-jobs-globally\/","title":{"rendered":"Sony To Cut 10,00 Jobs Globally"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v9bce30dafb8444d783e47da9b0db2c4b6e56a6d2&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v9bce30dafb8444d783e47da9b0db2c4b6e56a6d2&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>The Wall Street Journal reports Sony (NYSE:SNE) will cut 10,000 jobs globally and reductions could take place over the next two fiscal years. This will be the second time the company has cut a large amount of jobs, the first being in 2008 when a number factories closed and 16,000 jobs were cut.Sony&#8217;s new CEO Kazuo Hirai will reveal the company&#8217;s restructuring plans this Thursday and will focus on the electronic business, which has been competing against Samsung and Apple (NASDAQ:AAPL).In the last fiscal year from October to December, Sony lost $159 billion yen and more than doubled its expected loss for the fiscal year.Sony (NYSE:SNE) has potential upside of 20.1% based on a current price of $20.01 and an average consensus analyst price target of $24.04.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/13\/1_enkljqqj_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/13\/1_enkljqqj_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wall Street Journal reports Sony (NYSE:SNE) will cut 10,000 jobs globally and reductions could take place over the next two fiscal years. This will be the second time the company has cut a large amount of jobs, the first being in 2008 when a number factories closed and 16,000 jobs were cut.Sony&#8217;s new CEO &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/05\/13\/sony-to-cut-1000-jobs-globally\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sony To Cut 10,00 Jobs Globally&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29150","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29150"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}