Sony Layoffs

It looks like electronics giant Sony will be consolidating it's chemical and Small & medium LCD segment which will result in the redundancy of approximately 10,000 jobs. This new strategy will streamline the workforce, which in return will reduce operational costs. Sony has also issued a request to it's seven executive directors for the fiscal year ending last March, asking them to return their annual bonuses. Several electronics and gaming firms including Sega, EA, THQ, and more, have been forced to restructure their organization and streamline operations to avoid reaching the point of no return and meet their demise.