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Forums - Sony - Sony Freezing, Cutting Employee Wages.. (First Time in Company History)

Noobie on 19 March 2009
NJ5 said:
@Noobie: That's all true but it doesn't really contradict what I said (as I said in the reply to Jo21).

 

 I didn't provide the link to deny ur comments or accept them... because i feel i don't have enough knowledge... but i m just saying that all companies are suffering.. So if you want to prove Sony is suffering more than other electronic giants like Toshiba, Samsung, Hitachi, Panasonic etc then you need to fix ur criteria or some metrics and then show us that Sony fares worst in that particular criteria or metrics compare to other companies..

I personally believe that Sony like others is effected badly... as in OP post they mentioned that Sony has to reduce bonuses by 33% so it is more or less same as other companies for which i posted the article.. Maybe a little more. Toshiba one of the largest electronic maker is going to post 280 billion loss which i believe is equivalent to Sony's loss. If you have to show Sony is more indebted than Toshiba than please provide some more data or balance sheets.

My sole purpose of providing the info was to show that others are also suffering and honestly i don't know which is suffering more.



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Jo21 on 19 March 2009
NJ5 said:
Jo21 said:
NJ5 said:
Bullet100000 said:

All Giant corporations are facing Financial hardship not just Sony.

Sony is facing more hardship than most companies though. Other than banks and car companies, I don't see anyone doing much worse than Sony.

 

 

AIG, General Motors, Chrysler are doing much worse.

aig lost over 60 billion dollars last quarter come on!.

 

and all japanese companies are doing cuts from panasonic to toshiba name it.

I did mention car companies (and AIG is mostly an insurer of those failing corporations, so no surprise there).

Yes, the Japanese electronics companies are all suffering, but I don't think they're doing worse than Sony. Some have much better prospects due to not having much debt. In fact most Japanese companies are more conservative and therefore more resilient than Sony, not taking as much debt for example.

My point stands that Sony is one of the companies which is doing worst excluding banks and car companies... You don't see most companies doing as much restructuring as Sony is doing.

 

 

Motorola. have been for the past 2 years. =).

and sony in contrast to those americans companies its cutting more in to the executies than job workers!.

 



NJ5 on 19 March 2009
Procrastinato said:

You're gonna make me post the MS layoffs, and include the contractors, as is included in that 16K number?

If we're talking game divisions, one of those two divisions has axed thousands, and closed a myriad of studios over the past year. The other... 0. I know people who work at Sony, MS, Nintendo, EA, Ubisoft, Atari, and a myriad of other game companies, as well as people at AMD, IBM, nVidia, HP, etc. None of those places is anywhere near as pleasant to work at today, thanks to the economy, and Sony is doing admirably well for the awful situation they are in -- SCE in particular. If they have to make any serious cuts, it'll be a loss to Sony, and the industry as a whole, since many of those people will probably not find jobs in the game industry for several years (although independant studios are hiring like crazy, since all the big studios layoffs has made tons of "sweatshop" work for them to scramble for), and thus, will leave for good.

 

Nintendo, Microsoft, Intel, IBM and HP are all posting profits, while no analyst expects Sony to turn profitable with the measures they announced so far. Their losses are too huge for that.

As for Microsoft's layoffs and cuts in the gaming division, all that proves is that Microsoft is a more cautious company than Sony. Sony only began restructuring when they started losing money, while Microsoft acted preemptively to avoid getting in the hole in the first place.

 



My Mario Kart Wii friend code: 2707-1866-0957

Pristine20 on 19 March 2009
NJ5 said:
Procrastinato said:

You're gonna make me post the MS layoffs, and include the contractors, as is included in that 16K number?

If we're talking game divisions, one of those two divisions has axed thousands, and closed a myriad of studios over the past year. The other... 0. I know people who work at Sony, MS, Nintendo, EA, Ubisoft, Atari, and a myriad of other game companies, as well as people at AMD, IBM, nVidia, HP, etc. None of those places is anywhere near as pleasant to work at today, thanks to the economy, and Sony is doing admirably well for the awful situation they are in -- SCE in particular. If they have to make any serious cuts, it'll be a loss to Sony, and the industry as a whole, since many of those people will probably not find jobs in the game industry for several years (although independant studios are hiring like crazy, since all the big studios layoffs has made tons of "sweatshop" work for them to scramble for), and thus, will leave for good.

 

Nintendo, Microsoft, Intel, IBM and HP are all posting profits, while no analyst expects Sony to turn profitable with the measures they announced so far. Their losses are too huge for that.

As for Microsoft's layoffs and cuts in the gaming division, all that proves is that Microsoft is a more cautious company than Sony. Sony only began restructuring when they started losing money, while Microsoft acted preemptively to avoid getting in the hole in the first place.

 

It kinda helps that M$ is an american company where employees can be discarded at will. It not that easy in Japan

 



"Dr. Tenma, according to you, lives are equal. That's why I live today. But you must have realised it by now...the only thing people are equal in is death"---Johann Liebert (MONSTER)

"WAR is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives"---Maj. Gen. Smedley Butler

Procrastinato on 19 March 2009
NJ5 said:

Nintendo, Microsoft, Intel, IBM and HP are all posting profits, while no analyst expects Sony to turn profitable with the measures they announced so far. Their losses are too huge for that.

As for Microsoft's layoffs and cuts in the gaming division, all that proves is that Microsoft is a more cautious company than Sony. Sony only began restructuring when they started losing money, while Microsoft acted preemptively to avoid getting in the hole in the first place.

 

 

So you agree with my statement then, that Sony treats its employees extremely well for its situation... and companies like MS treat their.. well their stockholders well, but not their employees so much, despite profiting?

I can't decide, as an American... be proud...  be ashamed... be proud... be ashamed.. hmm tough one.



 

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NJ5 on 19 March 2009
Noobie said:
NJ5 said:
@Noobie: That's all true but it doesn't really contradict what I said (as I said in the reply to Jo21).

 

I didn't provide the link to deny ur comments or accept them... because i feel i don't have enough knowledge... but i m just saying that all companies are suffering.. So if you want to prove Sony is suffering more than other electronic giants like Toshiba, Samsung, Hitachi, Panasonic etc then you need to fix ur criteria or some metrics and then show us that Sony fares worst in that particular criteria or metrics compare to other companies..

I personally believe that Sony like others is effected badly... as in OP post they mentioned that Sony has to reduce bonuses by 33% so it is more or less same as other companies for which i posted the article.. Maybe a little more. Toshiba one of the largest electronic maker is going to post 280 billion loss which i believe is equivalent to Sony's loss. If you have to show Sony is more indebted than Toshiba than please provide some more data or balance sheets.

My sole purpose of providing the info was to show that others are also suffering and honestly i don't know which is suffering more.

http://www.google.com/finance?fstype=ii&q=NYSE:SNE

http://www.google.com/finance?fstype=bi&q=NYSE:PC

http://www.google.com/finance?fstype=bi&q=NYSE:HIT

(can't find data for Samsung unfortunately, but I suspect they're not doing too bad due to the weak Korean Won)

Out of those companies you mentioned only Hitachi seems to be doing worse than Sony. Panasonic's balance sheet looks much better. In any case all I said is that most companies are doing better or have better prospects than Sony. Even with all of Sony's restructuring, profitability still looks to be far for them.

As for lower-cost manufacturers like Sharp and Sanyo, they should be able to do better during a recession, with more people shifting to low-cost brands. Time will tell.

 



My Mario Kart Wii friend code: 2707-1866-0957

NJ5 on 19 March 2009
Procrastinato said:
NJ5 said:

Nintendo, Microsoft, Intel, IBM and HP are all posting profits, while no analyst expects Sony to turn profitable with the measures they announced so far. Their losses are too huge for that.

As for Microsoft's layoffs and cuts in the gaming division, all that proves is that Microsoft is a more cautious company than Sony. Sony only began restructuring when they started losing money, while Microsoft acted preemptively to avoid getting in the hole in the first place.

 

 

So you agree with my statement then, that Sony treats its employees extremely well for its situation... and companies like MS treat their.. well their stockholders well, but not their employees so much, despite profiting?

I can't decide, as an American... be proud... be ashamed... be proud... be ashamed.. hmm tough one.

I guess I agree with that part. There's a big business culture difference between the two countries of course. Microsoft is doing what most other American and European companies are doing, but in the end this will make them less likely to go bankrupt. It's a mixed bag really.

 



My Mario Kart Wii friend code: 2707-1866-0957

Ail on 19 March 2009

The software company I work for has over 6000 employees and makes a hefty profit and is still freezing salaries in 2009 in expectation of lower sales due to the recession so there's nothing surprising there.

A huge number of companies are going to do the same thing, it's that or fire employees so rather that..



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !

Noobie on 19 March 2009
NJ5 said:
Noobie said:
NJ5 said:
@Noobie: That's all true but it doesn't really contradict what I said (as I said in the reply to Jo21).

 

I didn't provide the link to deny ur comments or accept them... because i feel i don't have enough knowledge... but i m just saying that all companies are suffering.. So if you want to prove Sony is suffering more than other electronic giants like Toshiba, Samsung, Hitachi, Panasonic etc then you need to fix ur criteria or some metrics and then show us that Sony fares worst in that particular criteria or metrics compare to other companies..

I personally believe that Sony like others is effected badly... as in OP post they mentioned that Sony has to reduce bonuses by 33% so it is more or less same as other companies for which i posted the article.. Maybe a little more. Toshiba one of the largest electronic maker is going to post 280 billion loss which i believe is equivalent to Sony's loss. If you have to show Sony is more indebted than Toshiba than please provide some more data or balance sheets.

My sole purpose of providing the info was to show that others are also suffering and honestly i don't know which is suffering more.

http://www.google.com/finance?fstype=ii&q=NYSE:SNE

http://www.google.com/finance?fstype=bi&q=NYSE:PC

http://www.google.com/finance?fstype=bi&q=NYSE:HIT

(can't find data for Samsung unfortunately, but I suspect they're not doing too bad due to the weak Korean Won)

Out of those companies you mentioned only Hitachi seems to be doing worse than Sony. Panasonic's balance sheet looks much better. In any case all I said is that most companies are doing better or have better prospects than Sony. Even with all of Sony's restructuring, profitability still looks to be far for them.

As for lower-cost manufacturers like Sharp and Sanyo, they should be able to do better during a recession, with more people shifting to low-cost brands. Time will tell.

 

 

 Sorry if i m wrong.. Accounting and Finance is not my major rather its neither my minor also in any degree plan.. Anyway wot i gather from Data doesn't show Sony in bad light..

I m only taking data from income statement for the 3 months ending 31-12-2008

Sony Panasonic Hitachi
Gross Profit 432,148.00 510,643.00 479,793.00
Net Income 10,409.00 -63,116.00 -371,099.00
Diluted normalized EPS 12.67 -30.48 -108.73

 

 

 

 

So from the figure i see Sony gross profit is lowest.. but still in the same ball park.. i won't say its way too low or miles behind the others. But surprisingly Net Income is in positive and also Diluted  EPS( which i believe is Earning Per Share and i think is important for investors is positive)

As i said i m no Economist or Accountant.. But the little knowledge i have abt Balance Sheet with which i have skimmed over the three reports doesn't show me Sony too badly..

Anyway may be u r right, and i m sure you can analyize balance sheets a lot more better than me... so may be Sony is in dire trouble... and i can't look for the right figures in the balance sheet.

Anyway i see no reason to argue about something i don't have much information about.. So i won't be replying anymore.



http://techorate.blogspot.com/

http://caylu.wordpress.com/

Pristine20 on 19 March 2009
NJ5 said:
Procrastinato said:
NJ5 said:

Nintendo, Microsoft, Intel, IBM and HP are all posting profits, while no analyst expects Sony to turn profitable with the measures they announced so far. Their losses are too huge for that.

As for Microsoft's layoffs and cuts in the gaming division, all that proves is that Microsoft is a more cautious company than Sony. Sony only began restructuring when they started losing money, while Microsoft acted preemptively to avoid getting in the hole in the first place.

 

 

So you agree with my statement then, that Sony treats its employees extremely well for its situation... and companies like MS treat their.. well their stockholders well, but not their employees so much, despite profiting?

I can't decide, as an American... be proud... be ashamed... be proud... be ashamed.. hmm tough one.

I guess I agree with that part. There's a big business culture difference between the two countries of course. Microsoft is doing what most other American and European companies are doing, but in the end this will make them less likely to go bankrupt. It's a mixed bag really.

 

I think windows would have way more to do with that than their recent plans. I think more US companies have gone bankrupt than their JP counterparts even with the ease of laying employees off. Perhaps the CEOs just got paid waaay too much.

 



"Dr. Tenma, according to you, lives are equal. That's why I live today. But you must have realised it by now...the only thing people are equal in is death"---Johann Liebert (MONSTER)

"WAR is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives"---Maj. Gen. Smedley Butler