Quantcast
Sony executives reportedly taking a 50% cut in annual pay - Destructoid

DestructoidJapanatorTomopopFlixist



Sony executives reportedly taking a 50% cut in annual pay


2:15 PM on 05.13.2014
Sony executives reportedly taking a 50% cut in annual pay photo



The Wall Street Journal is reporting that Sony CEO Kaz Hirai, along with other executives at Sony, will be forgoing their bonuses, taking up to a 50% cut in annual pay. This news comes ahead of Sony's fiscal year taking place tomorrow, where the company is expected to be reporting a net loss of 130 billion yen ($1.3 billion).

Sony is performing well in regards to the PlayStation 4, their new Walkman music players, and 4K TVs, but all the growth in these areas aren't enough to fix Sony's bottom line. Some investors believe the worst will be over soon as Sony sells off its PC business and sets up their TV business as a separate unit.

For Sony, Struggle Is Still the Bottom Line [The Wall Street Journal]






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.








Win your choice of console from Destructoid! in Destructoid's Hangs on LockerDome

PS3

1:30 PM on 07.30.2014
Destiny had the 'largest console beta ever' for a new IP

Did you get in on the Destiny beta? I did, but only after access was opened to all. Managed to play for about an hour which, after the cut scenes and loading, wasn't enough time for me to get a true sense of how I feel about ...more



1:00 PM on 07.30.2014
Dragon's Crown, Fez headline PS Plus next month

The August lineup for PlayStation Plus is looking pretty awesome. Road Not Taken (PS4), Fez (PS4, Vita, PS3), Crysis 3 (PS3), Proteus (PS3, Vita), Metrico (Vita), and Dragon's Crown (PS3, Vita) will all be offered f...more



7:30 PM on 07.29.2014
Video: Much of Advanced Warfare's plot revealed by trailer, and I think I smell a beta coming

A campaign trailer for Call of Duty: Advanced Warfare came out which goes over some of the plot points. I also speculate on some rather obvious, yet still uncertain, plot developments to come. The trailer also announced a multiplayer reveal coming August 11, which I theorize could come with a beta announcement.more



View all PS3






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more