Sony to Cut 10,000 Jobs

According to Bloomberg, Sony will cut 10,000 jobs and expects it’s first loss in a decade. To be fair, this is mainly due to the beating it’s taken from Apple and Sharp in the music and television industries. But it does make you wonder if their entertainment department is slightly hindering or helping to minimize those losses.

Nintendo’s biggest competitor really needs a hit on their hands with the PS3 to keep them out of financial trouble. As of yet, the PSP isn’t cutting it.

[Source: Bloomberg]