Sony Cuts 5,000 Jobs as it Exits the Computer Business

Sony will cut 5,000 jobs, spin off its TV division and exit the computer business completely in a wide-ranging restructuring plan which is seeking to streamline the company.

Sony is a giant of the technology industry but with fingers in many pies (audio, video, camera, smartphone, TV, gaming, music, television, film) it was always an unwieldy beast to manage, and under the management of CEO Kaz Hirai the company is now looking to streamline its operations after the company revised its profit outlook for the current year. Read More: Sony Cuts 5,000 Jobs as it Exits the Computer Business