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Sony execs sacrifice bonuses after failing to turn profit

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Sony executives are sacrificing annual bonuses worth up to 50% of their salary, it has been revealed.

The scheme, which was spearheaded by chief executive Kazuo Hirai, is being introduced ahead of next week's full-year financial results.

Kaz Hirai, Executive Deputy President of Sony Corporation

© Sony

Kaz Hirai, Executive Deputy President of Sony Corporation



Up to 40 Sony executives are likely to be hit by the cuts, in a move which could save the firm 1bn yen ($10m), according to the BBC.

Hirai made the proposition due to "severe business circumstances, including stagnant performance in the electronics sector".

The bonuses were due to be paid at Sony's shareholders meeting next month.

Sony will be hoping to return to profitability in the next financial year following the launch of the PS4.

Gallery - images of confirmed PS4 games:
Sony announced the PS4 in February. The console has been compared to a "supercharged PC", as it features an x86 CPU, enhanced PC GPU and 8GB RAM.

Sony recently confirmed that the PS4 will include a headset and a large hard drive, and that controllers will be able to charge while the system is in standby mode.

New games include Killzone: Shadow Fall, Infamous: Second Son and The Witness.

> Read Digital Spy's ongoing coverage of the PlayStation 4

Watch a Killzone: Shadow Fall trailer below:

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