Joystiq. Wii. Put down your buzzers, turn off your engines, sheathe your swords: Four in February has come to a close. The great 4iF challenge brought the Joystiq crew to their knees over the past four weeks. Joystiq Community members, on the other hand, rose to the occasion. Our heroes over on the 4iF Facebook page played through literally hundreds of games, and while not all of them went the distance, they played well. While a few members of the staff managed to dig into their lists, finishing off entries here and there, not one of us managed to complete all four selections. That's okay, though! PSP. Major changes are afoot at Sony, after the Japanese electronics giant announced plans to sell its Vaio PC business and reform its TV arm.
As a result, Sony will layoff 5,000 employees over the next year or so, including 1,500 in Japan and 3,500 overseas. Sony was projecting a fiscal year net profit of 30 billion yen converting to $295 million, a figure already adjusted down from previous forecasts. Following the restructuring, Sony expects to post a fiscal year net loss of 110 billion yen, converting to $1.08 billion. Sony's announcement comes as the company posted a strong Q3 net profit of $257 million, boosted by the launch of the PlayStation 4. However, scrutiny will center around the decisions to exit the PC industry and make the TV business its own subsidiary. In addition to the 5,000 layoffs, 90 billion yen (converting to around $886 million) is being allocated in restructuring expenses over the next year or so. [Image: Sony]
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