My News Today » Sony

Bought anything from Sony lately? Yeah, neither has anyone else

Kyle — Sun, 17 May 2009 17:33:30 +0000

Business Week – Sony Sees a Second Year of Losses and will close eight factories, centralize procurement, and revamp its supply chain, but it also needs some great new products.

For months, Sony’s (SNE) management has been taking an ax to its operations. Back in December, as the yen’s unfavorable surge and a drop-off in global demand for electronics wreaked havoc on Japan’s tech industry, Sony announced that it would slash costs, eliminate 16,000 jobs and close a handful of its 57 factories around the world. A month later the electronics and entertainment company was at it again, adding asset sales to boost its savings.

Economy not just hurting Banks but Solid Snake, Master Chief, and Mario. Luckily my lvl 77 dwarf is just fine. (I know I’m not 80 yet…STFU)

Kyle — Thu, 05 Feb 2009 21:03:16 +0000

Cnet.com – The video game industry is being hit hard by the economy, just like every other industry. And although I believe it’s potentially recession-proof, it won’t be easy for gaming to stay that way.

Things are looking bleak for game creators. In a statement Tuesday, Electronic Arts, the world’s largest video game developer, announced that it was forced to lay off about 1,100 employees and close 12 facilities worldwide to streamline its business operation and cut operating expenses by $500 million to prepare for uncertain economic times.

The Economy once was a broadband flow of prosperity for the Tech Industry now slowing down to 9800bps.

Kyle — Wed, 21 Jan 2009 20:40:29 +0000

In an every worsening economy tech jobs have suffered as much as the financial industry.

Logitech announced their third-quarter earnings (down 70 percent) and simultaneously said it’s going to lay off 600 of its employees, while the guys over at Intel have said they’re shutting down a manufacturing facility in the Philippines which houses 1,800 employees. Sony vaguely announced a “restructuring” which is bound to result in misery and job loss, while Sega confirmed that “about 30″ people have been erased from the pay sheet.

While I hope things will change and soon this isn’t good news to start the new year.