These past few years haven't exactly been a walk in the park for Sony, what with PSN getting hacked and natural disaster hitting production in Thailand. Newly-appointed CEO Kaz Hirai -- formerly head of PlayStation -- warned that "painful choices" were on the horizon back in February, just before he officially took the position.
Japanese news reports on Monday (today for us) have revealed Sony's plans to cut about 10,000 jobs over the next 12 months, downsizing its global work force by roughly 6% in that time. While the company isn't confirming anything at this point, Hirai will be holding a press conference on Thursday, during which most expect the news to be made official.
Earlier this year, Sony reported a loss of $2.1 billion for the October through December quarter, then doubled its projected loss for the fiscal year through March 2013. Other efforts to cut costs have driven Sony to merge its LCD panel operation with Toshiba and Hitachi, a move that could affect up to 5,000 employees.