Sony Corp., the once high-flying electronics giant, plans to lay off 10,000 employees worldwide, or 6 percent of its workforce, by the end of the year in a bid to regain global competitiveness, it was learned Monday.
The news comes at a time when the Tokyo-based maker is grappling with harsh global competition from Samsung Electronics Co. and Apple Inc. and is expecting to log more red ink in the year that ended March 31.
(Japan Times)
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