09 Jan
Echoing the vague and somewhat guarded nature of sales reporting we saw from Nintendo head Satoru Iwata earlier this week, Sony CEO Kazuo Hirai recently announced that the Playstation Vita has performed so far “…on the low end of what we expected.” Speaking to the Wall Street Journal, Hirai added that Playstation usually reserves their […]
25 Oct
Sony’s corporate staff will be seeing a major cut, with 20% of their HQ being let go
In the wake of a ¥856 billion (approx. $10.75 billion) loss over the past four years, Sony Corp. is instituting pay cuts across many of its high ranking executive class, including CEO Kazuo Hirai. No exact reduction figures were announced. In a statement made to shareholders earlier today, Sony confirmed ¥799 million (approx. $10 million) […]
Sony Corporation hasn’t been seeing anything but red for a while now, having four straight years of negative numbers, but the Corporate Headquarters in Japan sunk to a new debt plateau with a posted ¥520 billion ($6.4 billion) expected loss. Recently appointed CEO Kazuo Hirai stated that he was prepared to take “painful steps” to […]