Sony:We can't survive without more layoofs,demand will be low for long time

[NJ5]

ChronotriggerJM said:
God, how many products do Sony corp currently have hands on? :P I knew they had a bunch of stuff, but I didn't know half of that xD

Their electronics division is huge... Remember those huge recent layoffs, they were "merely" 5-10% of their employee base.

In one or two years Sony will be a smaller company though. How smaller I don't know, but they have to cut significantly more in order to get profitable. Those recent layoffs only save them $1 billion a year which is not enough.