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Sony to cut 10K jobs, 6 pct. of workforce

KABC-TV covers Los Angeles and Southern California.

April 9, 2012 12:00:00 AM PDT
Sony is cutting nearly six percent of its workforce, which translates to about 10,000 jobs worldwide.

The goal is to steer the company back to profit after four years in the red.

Investors will be watching closely Thursday as the company's CEO outlines how Sony plans to revamp its business.

Sony cut 16,000 jobs back in 2008 after the global financial crisis battered demand for its products, but the company has not managed to make a profit since then.