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Sony to reduce workforce by 10,000 as part of 'One Sony' initiative

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Sony has announced it will reduce its workforce by 10,000 as part of a massive restructuring campaign under the leadership of new CEO Kaz Hirai.

Gallery Photo: Photos from Kazuo Hirai's 'One Sony' speech
Gallery Photo: Photos from Kazuo Hirai's 'One Sony' speech

The rumors appear to have been true. As part of its "One Sony" restructuring under new CEO Kazuo Hirai, Sony has announced it will be cutting approximately 10,000 jobs over the 2012 fiscal year. In a PR release, the company stated the the move will hit its headquarters, subsidiaries, and sales organizations "in order to further enhance operational efficiencies." The number also covers employees that are expected to be transfered out of the Sony organization due to subsidiary business sell-offs as well. While the company is not making any promises, Sony does state that it will "consider" ways in which it can ensure employees will have jobs waiting for them after the transitions occur. The company is projecting the restructuring will cost ¥75 billion — more than $925 million.

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