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Sony freezes staff wages

soldat7 said:
Freezing salaries is extremely common these days. In fact, what company hasn't frozen salaries? /rhetorical
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nintendo-logo.jpg
 
lochnesssnowman said:
No, means they are frozen at the level they are at for a year. Most companies evaluate pay on a yearly basis (outside of special cases like promotions and the like). As a policy, this year there will not be a standard company increase (usually, this is around the level of inflation). As I mentioned before, we had something similar but exceptional performance was still rewarded.
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Ah, gotcha.
 
Really tough economy calls for some really tough decisions if companies want to survive. At least this saves some jobs. The tent villages in Tokyo are getting kinda scary.
 
LegendofJoe said:
This is a much better solution than simply deciding to cut jobs left, right, and center-it shows a little bit of corporate responsibility.
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Didn't Sony decide to cut 18 000 jobs just a couple weeks ago though..?
 
Kintaro said:
My company is hiring and giving raises. Helps to be in the healthcare industry where demand is always skyhigh. :lol
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because there has been a shortage of people in this area all over the world for how many years now?:lol

but yeah, this is better than more people losing their jobs
 
Sorry to hear Sony is having to do this, but it's clearly understandable in this climate. Here's hoping it's enough to cut down on the bleeding and helps them maintain jobs.
 
Rad Agast said:
Just curious, frozen as in no increases for the entire fiscal year?
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No increases. As others mentioned, this and similar stuff has been done in majority of companies this year.
 
TheKingsCrown said:
every company on the planet is doing this sort of thing, along with layoffs.

that being said, I'm sure the PS3 hasn't helped as much as Sony would like.
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yea except Nintendo...:lol :lol
 
_Xenon_ said:
It's more a matter of strong yan butt hurting Japanese companies than a matter of PS3 or game industry.

Well, sucks for them to have it in the tough time.
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Well if your yan butt is hurting I think you should see a doctor ;|
 
TheKingsCrown said:
every company on the planet is doing this sort of thing, along with layoffs.
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<off_topic> RIM is hiring another 3000 people, after hiring 4000 last year, bringing them up to 15000. They also aren't doing any pay cuts or freezes. Doomed to Apple confirmed! :lol </off_topic>


Honestly, Sony will be fine. They could be in a much worse situation right now. The time is ripe to trim some of the flab.
 
Kinan said:
In the current economic climate "salary freezing" is almost a good thing. :p
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Yea seriously. Much better than "salary cuts" or "personnel cuts" or "personnel freezing" (cryo-stasis of work force until recession ends).
 
Sucks. My company did this too, though I suppose it's better than the alternative.
Got a really glowing annual review as well, just no compensation increase to go with it. :/
 
TheRagnCajun said:
Freezing wages is a tough call. You can loose good people if you don't pay out for them.
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The labour market isn't particularly fluid in most places right now.
 
This is happening everywhere, including the company I work for, which happens to be doing particularly well despite the economy and has nothing to do with gaming.

I believe it's more or less preparation and protection for what could still come. Honestly, this move is pretty much par for the course right now.
 
Like others have stated - this is the norm in the economy right now. My company announced they were taking the same action around 2 months ago as did my wife's. Also AT&T, which employs approximately 300,000 people froze wages pretty much across the board this year.
 
This is happening everywhere. I am a diehard wii fanboy but even I will admit that this is not mean anything. My wife had this happen at her company, along with them getting rid of 401K matching. I think Sony as a company is in trouble, but this news is so consistent with other companies that it does not mean anything. When they start laying off more in the games division or canceling more projects, etc then we can talk again.
 
TheRagnCajun said:
Freezing wages is a tough call. You can loose good people if you don't pay out for them.
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Huh? We are talking about record unemployment numbers, layoffs in the industry and you think people are going to quit? This job market is not the best time to be trying to look for a better job.
 
MotherFan said:
Huh? We are talking about record unemployment numbers, layoffs in the industry and you think people are going to quit? This job market is not the best time to be trying to look for a better job.
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The good people can find jobs in a recession, and no one quits a job because of poor compensation without having something else lined up already.
 
MotherFan said:
Huh? We are talking about record unemployment numbers, layoffs in the industry and you think people are going to quit?
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No, but people would jump ship to a more stable company if they had the opportunity. Not EVERY company is having major financial issues.
 
Most companies these days are doing some sort of cost cutting to save their ass in this economy.

So why is this being read as PS3/Sony is doomed?
 
Not related to the OP...
I wonder if this goes on for too much longer than a year or so whether or not we'll see some mergers of the big Asian consumer electronics companies.
 
Of course the crisis is bad for a lot of companies, and this doesn't sound as bad as laying off people (which btw they did too in December iirc), but some companies are hit harder than others. Sony might be in an especially bad position because of the strong yen, general bad performance and a bit worse than bright outlook and the huge losses they took recently and are still taking.
 
theBishop said:
Sometimes I wish GAF had a SystemWars forum so the main board didn't need these cesspools of stealth trolling.
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are you trolling stealth trolling?? >.>
 
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