September 22, 2005
Corporate Incongruity
Posted by Gordon Smith

This was one of the squibs that greeted me on today's W$J:

Sony will cut 10,000 jobs, or more than 6% of its global work force, and reduce costs by $1.8 billion by early 2008, in an effort to bolster its ailing electronics operations.

I get the concept, but does it strike anyone else as incongruous? Cut = Bolster?

In other unemployment news ...

  • "Delta plans to slash up to 9,000 jobs and cut employee pay as the airline tries to achieve an additional $3 billion in annual savings under bankruptcy protection."
  • "Initial jobless claims rose to the highest level in two years last week, as workers continued to file for unemployment compensation in the wake of Hurricane Katrina."

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