Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Sony cutting 8,000 jobs amid global downturn

Business Dec. 09, 2008 - 03:42PM JST ( 11 )

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11 Comments

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telecasterplayerDec. 09, 2008 - 03:57PM JST

Why are these corporations addicted to layoffs?
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HeathenCabinDec. 09, 2008 - 05:17PM JST

We never here of the government slashing 50,000 government employees and reducing all taxes/spending drastically.
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some14someDec. 09, 2008 - 05:42PM JST

Why are these corporations addicted to layoffs?

Because these corporations are badly addicted to HIGH profits.
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unklesamDec. 09, 2008 - 05:51PM JST

Just more proof that Japan's "lifetime employment system" was/is nothing more than a myth. Seems every time the "system" was/is challenged it fails. Just another bold faced lie about working for a japanese company. Unfortunately "this" crisis is gonna do some serious damage. You best prepare for record numbers of individual and family suicides over the next few months... I'm bailing ship !
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Rodney_KingDec. 09, 2008 - 06:01PM JST

Because these corporations are badly addicted to HIGH profits.

Actually it is more about surviving and stopping to lose money....
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pointofviewDec. 09, 2008 - 10:31PM JST

Actually, I think these are perfect times for companies to make excuses that they need to cut costs and layoff staff. "If everyone is doing it why cant we?" I think is the attitude. Lets see the real numbers on paper...just another day in the world in business. The people in this world are becoming sheep to the overly powerful and it must stop...
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WeaselDec. 09, 2008 - 11:04PM JST

And Sony still "cheaps out" on their PS3 models these days, but still selling them at the same prices. http://en.wikipedia.org/wiki/Playstation3#Retailconfigurations
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kokuryuDec. 10, 2008 - 04:55AM JST

Hmmm, the news here is that Sony is cutting 16,000 jobs, not 8,000... Which is true? Is Sony under-reporting what they are doing to the Japanese media to prevent some type of panic within Japan itself?
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Good_JorbDec. 10, 2008 - 05:43AM JST

CBC(Canadian news) and Yahoo(American) said 8,000 jobs were to be cut. It seems that the market favours staffing cuts, both Dow Chemicals and Sony stock prices are up.
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motytrahDec. 10, 2008 - 06:01AM JST

Sony sells the PS3 at a loss. As of Q3 2008 Sony had lost $3bn USD. And that was back when the dollar was worth something compared to the JYP. By this point the PS3 was supposed to be a money maker for Sony, not a continued drain on the bottom line. It's no wonder they are laying off people.
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cleoDec. 10, 2008 - 10:05AM JST

the news here is that Sony is cutting 16,000 jobs, not 8,000... Which is true? Is Sony under-reporting what they are doing to the Japanese media to prevent some type of panic within Japan itself?

This was on the news last night when I was doing something else and not really paying attention, but I remember there was a flip board with 8000 plus 8000=16,000. I think it was either 8000 domestic jobs + 8000 global, or 8000 'permanent' staff plus 8000 'temp/contract' staff. There is no suggestion at all of Sony 'underreporting' what they're doing.

Either way it's a lot of people who up till now probably thought they had steady, well-paid jobs.