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Sony Lays Off 16,000 Workers, Hopes to Save One BILLION Dollars

In an attempt to weather the looming financial apocalypse, Sony will lay off 16,000 workers and close five or six factories, according to Forbes. Sony believes the decision will help them save one billion dollars and stay competitive in the next fiscal year. Forbes says part of the reason Sony faces an uphill battle… » 12/10/08 3:46pm 12/10/08 3:46pm