| MikeB said: IMO there was no chance at all for this to happen within the middle-long term, they have too many assets (they could sell). In a worst case disaster scenario, Sony could also cut 100,000 (more people than Microsoft ever employed) from its workforce (cutting out many billons in annual costs) and for example kill R&D investments. Any such talk seems so very strange to me and smells like wishful thinking to me. |
You do know there's a limit to how much job cuts you can perform without exiting certain businesses, right? If a company does too much layoffs, it becomes unable to compete and even perform its daily operations normally with the same quality. There's only so much fat you can cut before you get to the meat and bones of the company.
The same goes for asset sales... plus the fact that selling assets in a recession usually results in great losses.
There are plenty of big companies with lots of assets which went bankrupt, Sony is not immune...
Having said that, it seems they are restructuring fairly quickly.
My Mario Kart Wii friend code: 2707-1866-0957
