Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Sony to Cut 10K Jobs

Details

  • Description

    FBN’s Robert Gray on reports Sony is planning to cut 10,000 jobs as part of its turnaround plans.

  • Duration 0:51
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

I'm Robert -- with your Fox Business three stocks are moving sharply lower as investors get their first chance to react to Friday's jobs report.

Right now the Dow is up more than a hundred points losses of about what percent across the board.

Well to Begin I'll shares of Sony immediate that -- reportedly cut an estimated 101000 jobs or about 6% of its global workforce.

The reductions will reportedly take place over the next two fiscal years -- 2014.

Shares of -- are off some 35% over the past year.

And AT&T says it has agreed to sell a majority stake in its yellow pages business to the private equity firm cerberus capital.

Price -- 950 million bucks itself part of AT&T strategy to rid itself of less profitable parts of focus on growth areas such as its wireless business.

And that is the latest from Fox Business giving you the power to.

Load More