Sony Corp.will cut 10,000 jobs, or 6% of its workforce, as they try to turn a profit.
The companyâ€™s new head, Kazuo Hirai, will confirm the reductions in what is sure to be a heavily watched briefing on Thursday, the countryâ€™s Nikkei newspaper reported Monday.
Much of the employee scale-backs will come from Sonyâ€™s deeply unprofitable television business, which has been losing money for the better part of a decade to lower-cost competitors such as Samsung and Vizio.
Roughly half of the job cuts will stem from recent deals, including Sonyâ€™s sale of a chemicals company last month and a spinoff of its LCD production capabilities into a joint operation with Hitachi and Toshiba last year. The company had more than 168,000 employees as of March 2011.