Sections | Videos | Shows | Alerts | Weather
SCITECH
Sony cuts 10K jobs, outlines turnaround strategy
April 12, 2012
CONTINUED...

ink and worst loss ever.

"As CEO, I take this very seriously. But at the same time, it strengthened my resolve to transform Sony," Hirai told hundreds of journalists. "Employees too want to restore Sony to its former glory and go beyond."

Sony, whose businesses run from digital cameras and personal computers to PlayStation game consoles and movies such as "The Smurfs," has been battered by competitors including Apple Inc. and Samsung Electronics Co. For years, it has been struggling to regain the swagger and innovative flair that made it a dominant force in the 1980s and early 1990s.

Sony
Visit other CBS Interactive sites:
CBS Entertainment | CBS Sports | CHOW | CNET | The CW
© MMXII CBS Interactive Inc. All rights reserved.
Terms of Use | Privacy Policy