sega4life

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sega4life on 18 March 2009

"Shit... I know Shit is bad right now"

____________________________________________________________________

Sony Freezing, Cutting Employee Wages

By Luke Plunkett

Sony have, for the first time in company history, "mothballed" employee wages and bonuses in an attempt to stem the company's financial bleeding.

This means there'll be no wage increases over the next 12 months. For anyone, from the tea ladies all the way up to Sir Howard, and everyone (including the PlayStation folks) in between. Rank-and-file employee bonuses will also be cut by 33%, while managers will be faring even worse, seeing not only a 35-40% reduction in their bonus payments, but a 10-20% wage cut as well.

Not even the top brass will escape unscathed, with Nikkei reporting that "Executives will also be slugged with huge cuts to bonuses and salaries". Ah well. Remember, Sony, before things get better, you must suffer!

Sony to freeze wages for a year - Nikkei [Reuters]

PS4 Preordered - 06/11/2013 @09:30am

XBox One Preordered - 06/19/2013 @07:57pm

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TheThunder

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TheThunder on 18 March 2009

that's bad very few companies are doing well in this world economy buy most of them are suffering

blazinhead89

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blazinhead89 on 18 March 2009

what company isn't ? And anyone who expects a wage increase in this economic climate is loony.

Pristine20

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Pristine20 on 18 March 2009

In America, they'll just fire the "regular employees" while the top dogs keep their bonuses.

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cowbourne

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cowbourne on 18 March 2009

blazinhead89 said:
what company isn't ? And anyone who expects a wage increase in this economic climate is loony.

Weird, i just got a 3% raise at the beginning of the month. I asked for 6% but i still got one.

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Zomb1337 on 18 March 2009

Sony hasnt made profit on the PS3 YET, maybe thats why.

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(Predicted on 5/31/11) END of 2011 Sales - Xbox 360 = 62M; PS3 = 59M; Wii = 97M

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SpartanFX on 18 March 2009

@zomb

lol?

Sony as a whole is much much bigger than a gaming company.

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Dgc1808 on 18 March 2009

Zomb1337 said:
Sony hasnt made profit on the PS3 YET, maybe thats why.

The Playstation division isn't the only problem for the company you know...

And last quarter I'm pretty sure SCE posted a profit.

OT: I wonder how these next 2 years are gonna pan out....

4 ≈ One