Sony’s Deadly Strike: Kazuo Hirai’s Restructuring Plan Includes Cutting 10,000 Positions

SonysDeadlyStrike

Sony CEO, Kazuo Hirai announced that Sony will be cutting 6% of its workforce due to their restructuring plans.  They plan to roll this out over the next two years, extending into March 2014.  We were kind of expecting this with many of Sony's business units fluttering and the reinvestment into Sony's TV operations with Hirai cutting an entire layer of management so he can more effectively have visibility into their televisions business. Kazuo is trying to make Sony as nimble as Bruce Li - even though they still have 162,000 Global employees - whoa. … [Read more...]

Scott Thompson Terminates 2,000 Yahoo Employees

Scott Thompson Terminat0r

Yahoo CEO, Scott Thompson, Terminates 2000 employees due to 'restructuring'.  This comes on the heels of a desperate patent lawsuit against Facebook and subsequent countersuit against the bloated internet giant.  It looks like Scott Thompson's new strategy is cutting costs and stealing money from other companies.  To quote Scott in his note to employees: "We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose – putting our users and advertisers first – and we are moving aggressively to achieve that goal." Translated to: "We don't have any real competitive advantage anymore, so we have to worry about money - and our most urgent priority is this damn lawsuit, because Facebook called our bluff.  So, everyone is going to have to work a lot harder because, I just fired 2,000 … [Read more...]