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Sony Selling Computer Division, Spinning-Off TVs and Cutting Jobs in Major Restructuring

sony-logoFacing a projected net loss for the fiscal year of about $1.1 billion, Sony is enacting a restructuring plan to reverse the fortunes of the company.

Sony CEO Kaz Hirai announced yesterday that the company is selling their Vaio computer division, spinning the TV division into its own wholly-owned subsidiary and eliminating 5,000 jobs worldwide.

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