A report came out of Tokyo yesterday stating that Sony intends to cut 10,000 jobs in an effort to turn around its TV business. Now, there are a couple things to note in order for this news to really have much context. First, Sony has been losing money in its television segment for 8 years (that's how long the division has technically been "in the red"). Secondly, 10,000 jobs represents a full 6 percent of Sony's workforce - worldwide. It's not uncommon for new CEOs to clean house - after all that's why they were hired, but incoming CEO and President Kazuo Hirai is really shaking things up. He outlined this new business strategy at a press conference where he tied the announcement to a commitment to bringing back Sony to profitability in the television market they once dominated (remember the reign of Trinitron TVs?). Discuss "Sony Cutting 10,000 Jobs to Save TV Division" here. Read the article.