TRIMMING THE PAYROLL: Sony Corp. says it will slash 10,000 jobs, or about 6 percent of its global workforce.
PROMISES, PROMISES: Sony says it will try to turn around its money-losing TV business over the next two years. The company says it plans to cut fixed and operating costs to do so.
THE BACKDROP: Earlier this week, Sony more than doubled its annual net loss projection for the fiscal year through this past March. That would be its fourth straight year of loss and worst loss ever.