Japanese electronics giant Sony announced Thursday it would lay off about 10,000 workers as part of new CEO Kazuo Hirai's restructuring measures to cope with a forecasted record annual loss of $6.4 billion.
Japanese electronics giant Sony plans to cut 10,000 jobs worldwide in 2012 as part of attempts to revive the company's fortunes, media reports said Monday. Sony expects to lose $2.7 billion by March for a fourth consecutive year of losses.
After years of disappointing profits, ho hum technology releases and a series of devastating hack attacks on its Playstation network, Sony is now trying to get back in the game with this week's release of the PS Vita, its new portable game system. In this week's Tech 24, hosts Rebecca Bowring and Eric Olander explain why this is by far the best portable game console on the market but it probably won't solve Sony's larger problems.
Sony CEO Howard Stringer (pictured), one of the few foreigners to lead a major Japanese company, will step down in April. Executive deputy president Kazuo Hirai will take his place, the electronics giant has announced.
The computer hacker group LulzSec caused a temporary shutdown of the CIA website on Wednesday. The group has broken into a number of other high-security computer sites, including those of Sony and the US Senate.
This week some 45,000 people are gathered for the annual Electronic Entertainment Expo in Los Angeles, the world's largest video game conference, to see Sony, Nintendo, Microsoft and Electronic Arts show off their latest gadgets and games. The global games market is big business: it is expected to grow to $65 billion this year, up from $62.7 billion in 2010.
The Electronic Entertainment Exposition, or E3, is the video game industry's mega convention held each year in Los Angeles. An estimated 45,000 attendees got their hands on the latest games and gadgets. Tech 24 reports from the convention and on why this is such a critical event for the multi-billion dollar interactive game business.
Supporters of Dominique Strauss-Khan are now looking for a new presidential candidate. We take a look at the series of cyber-attacks recently carried out by Hacker group Lulzsec. And artist Spencer Tunick is asking for web users’ help in financing his next project.
Sony is investigating claims that hackers have accessed up to 1,000,000 unencrypted passwords and customer details and posted them online, the subsidiary Sony Pictures said Thursday.
