Sony is currently planning to axe 10,000 jobs globally and also, the company is planning to cut bonuses.The company’s top seven executives, including its outgoing chief, would also give up their annual bonus, it added without citing sources.

The report did not give further details of the reductions from Sony’s headcount which stood at about 168,000 employees as of March last year.A spokesman for Sony, known for its Walkman music players and PlayStation game consoles, declined to comment on the report.Sony will soon hold a press conference to announce about the job axing.Industry analysts have said Sony must usher in major reforms amid fierce overseas competition and continuing losses at its mainstay television business. It still generates substantial profits from electronics parts.Anyway, it looks like Sony is trying to revive from severe losses.

Via: AFP