Japanese electronics maker Sony Corp. (SNE) plans to cut a total of 10,000 jobs worldwide, or about 6% of its workforce, possibly by the end of this year, The Nikkei newspaper reported on Monday, citing sources.
The company, which has forecast a fourth straight annual loss, will cut as many as 5,000 job cuts through reorganizing businesses making chemicals and small-and medium-sized panels, the report said.
Sony had 168,200 employees as of March 31.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.