Sony to Axe 8,000 Jobs

[Demon_Skeith]

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.

source

ouch, that must hurt.

 

[GAMER_NOW]

First Sony...This was probably the worst time to sell the most expensive console to date.

 

[Demon_Skeith]

QUOTE (GAMER_NOW @ December 09, 2008 07:46 pm) First Sony...This was probably the worst time to sell the most expensive console to date.
you think? not to mention they lose money every time they sell one.

 

[froggyboy604]

Yes, I agree this is the worst time to be selling expensive consoles.

 

[Hachi]

Video Games are now something to add to my Economic Fields That Currently Suck list.

Radio(XM and Sirius had to merge for God's sake), Newspapers(Who reads the paper anymore?!), Drug Dealing(Sucked to begin with.), Teaching(You get paid so little to put up with so much.), Nursing(Understaffed, underpaid, over worked.).

 

[Demon_Skeith]

QUOTE (Hachi @ December 10, 2008 03:20 pm) Video Games are now something to add to my Economic Fields That Currently Suck list.

Radio(XM and Sirius had to merge for God's sake), Newspapers(Who reads the paper anymore?!), Drug Dealing(Sucked to begin with.), Teaching(You get paid so little to put up with so much.), Nursing(Understaffed, underpaid, over worked.).
I don't think I go that far and yes I do read the paper.

 

[Spiritwarrior]

Looked like the economic recession hit Sony, probably struggling to manage their budget.

 

[GAMER_NOW]

I wouldn't say video game ecenomic fields aren't bad, just Sony right now.

 

[Snorki]

Wow that sucks. Just like what is happening to EA.

They are cutting 600 jobs. :\

 

[GracefulAssassin]

They should have a price cut for the PS3 to at least $200-$250. That way they would make more sales. And actually the most expensive consoles at the moment are the NES and the N64. Since you can only buy them on eBay pretty much they sell up to $2,000.