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Sony will cut some 10,000 jobs, or 6 percent of its international work force, according to a Monday report in The Wall Street Journal , which cited anonymous sources familiar with the situation. The job cuts are part of new Chief Executive Kazuo Hirai's restructuring plan, according to the report. From the article: "The cuts could run through the two fiscal years until March 2014, although the final timing hasn't been settled, the people said."
Sony still thinks its better then anyone else. That's just not true in many cases. I think for example Sony needs to cut models, cut production and eliminate some markets that are simply over flowing with low margins. Take GM for example. Sony is the same thing. Sony needs to really clean house.