Sony to cut 10,000 jobs as part of revitalization plan

TOKYO – Saying it plans to concentrate on three core pillars going forward: electronics, games and entertainment, Sony Group also announced it will cut 10,000 people from its payroll. The company announced its 2006-2007 plan today, which included a significant re-org, as well. “As a key part of this initiative, we are significantly reorganizing our electronics group to place centralized decision-making authority over key areas under the Electronics CEO. This substantial change abolishes the company system and assures coordination and focus across newly defined business groups. Rigorous horizontal coordination in key areas - product planning, technology, procurement, manufacturing, and sales...