Fiscal 2011 is an even worse year than expected for new Sony CEO Kaz Hirai-- the company forecasts annual losses for 2011 will total $6.4 billion, double earlier forecasts and a fourth straight year in the red.
Meanwhile the Nikkei business daily says Sony plans to slash its global workforce by 10000 workers (or 6% of its entire workforce) by the end of 2012 in order to "improve operational efficiency." Around 5000 workers will be cut from Sony's chemical and small and medium LCD businesses, with the remaining 5000 as part of domestic and international cuts.
The newspaper also claims the company might ask a number of directors (including chairman Howard Stinger) to return their bonuses.