Sony Layoffs Fail to Sway Critics

Analysts gripe that the electronics giant's cost-cutting plan is short on details

Sony's latest round of spending cuts and layoffs for its electronics business didn't get the enthusiastic reception the company might have been expecting. On Dec. 9, Sony (SNE) announced plans to lay off thousands of employees, delay spending on factories, and streamline its supply chain for semiconductor chips and flat-screen TVs. All told, the company expects to eliminate more than $1 billion in expenses over the next 15 months.

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