Sony in trouble, expected to cut 8000 jobs

[AranhaHunter]

TOKYO, Dec 9 (Reuters) - Japanese electronics maker Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) said it will cut 8,000 jobs, scale back investments and pull out of unprofitable businesses as part of restructuring efforts to shave 100 billion yen ($1.1 billion) in costs.

Sony had said in October that it would close some plants, reduce capital spending and cut jobs to cope with the tough business environment. (Reporting by Nathan Layne)

http://www.reuters.com/article/marke...00309420081209

Damn....will they get rid of Sony Ericsson? Sell their shares of MGM? Get out of gaming?