Sony To Cut 16,000 Jobs In Wake Of Global Turndown

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Comany's sign board is displayed at Sony Corporation's headquarters... News PhotoBrand-name,Business,Corporate Business,Crisis,Customer,Electronics,Finance,Global,Global Business,Headquarters,Horizontal,Japan,Merchandise,Recession,Sony,Tokyo - JapanPhotographer Collection: Getty Images News 2008 Getty ImagesTOKYO - DECEMBER 10: Comany's sign board is displayed at Sony Corporation's headquarters on December 10, 2008 in Tokyo, Japan. Sony announced yesterday to slash 8,000 jobs and 8,000 temporary and contract workers following the recent global downturn, to cut cost by USD 1.1 billion a year. (Photo by Koichi Kamoshida/Getty Images)