Layoffs all we hear are layoffs – now Sony

Endgadget reports that media and electronics giant Sony is shedding 16,000 jobs in the economic downturn, the new code phrase for recession or depression. “The move, as Sony explains it, comes ‘in response to the sudden and rapid changes in the global economic environment.’ Ominously, it looks like Sony will also be raising prices blame Jay in the countries where “Sony makes significant sales” (read: US and Europe) if we’re reading this statement correctly: “Going forward, Sony intends to adjust product pricing to mitigate the impact of the appreciation of the yen.” You don’t need that new toy anyway.