Restructuring process is often a painful one as plenty of people lose their jobs, and when a company like Sony is going through so much trouble, it’s expected that plenty of people will let go.

Sony will cut almost 6% of its workforce, totalling to 10,000 and I just find it so surprising that they have 168k employees worldwide. Kazuo Hirai who was recently appointed as the CEO of Sony Corp. has a lot of things to do here, which is of course, restoring Sony’s TV business and making it profitable.

Sony has been posting losses for four years in a row now, and is expecting a $2.7 billion net loss for this fiscal year which closed few days ago on April 1.

The Nikkei reports that, “Sony may also request that its seven executive directors who served through the fiscal year to end-March, including Stringer, who is now chairman, return their bonuses.”

Tell us what you think in the comments section below.

Thanks, Reuters.

The reason, however, as noted by Bloomberg was, “Asian stocks and U.S. futures fell, Treasury 10-year yields sank to a record, and the euro slid for a fifth day against the franc on speculation Europe’s debt crisis is worsening” in an another article.

Whatever may be the reason, it looks like Square Enix is in deep trouble. What do you think? Tell us in the comments section below.

Via GAF

Nikkei online reports that the move comes as part of an initiative by all developers to reduce development time and increase software output.

Capcom will aim to increase their current output from 2 entries per year, to three or four resident evil games annually.

The company will also be outsourcing in North America to recruit the necessary numbers to develop the higher quantity of games.

This is not the first attempt by Capcom to stabilize falling sales, so look forward to many more games in the Resident Evil series.

Let’s just hope the Resident Evil name doesn’t run dry.