While it first seemed that 2013 would be a good year for Sony, after the surprise sale of VAIO, it turned out to be anything but that. For the 2013 fiscal year ending in March, Sony reported a loss of ¥130bn / $1.27bn / €929m. Luckily for Sony, other parts of the company like digital imaging, PlayStation, and entertainment which includes Sony Pictures are doing much better. In fact, we’d likely be having much different conversation if those divisions weren’t performing at their current levels.

Sony CEO, Kaz Hirai has promised that the company he’s been with for so many years will turn profitable once again come 2015, and that it won’t require job cuts.

According to Kaz, no major job cuts or division closures are in place for the forceable future. This means no more surprise closures like that of VAIO or a spinoff of their television division. Sony employees can also take a breather from this announcement as just in the last two years, the company has cut over 10,000 jobs and closed the majorities of their retail stores in the US. All this doesn’t mean that Sony plans on becoming complacent as Kaz hopes to continue to make Sony leaner and more robust.

Seeing how major decisions like massive job cuts and division closure isn’t made on a whim, the fact that Sony feels good about their current employee headcount is hopefully a sign that the company is internally seeing good results from their past actions. Of course, Sony has promised in the past that their near profitable, only to miss that target and if that happens again, you can be that they will be doing a recount of every employee position.

Discuss:

Do you think Sony’s troubles stem from miss management and overhead costs or a lackluster product portfolio?

[Via JapanToday]