Sony Cutting New Recruits By Nearly Half

Times are hard. In an effort to cut costs, Sony is going to reduce its number of new recruits — by a lot.

From next spring, the number of recruits has been cut to 280 new employees, which is 48 percent lower than last year. "The environment surrounding our company has changed so we will use more rigorous standards in selecting college students we will hire," a Sony spokesperson said.

This isn't necessarily a bad thing. Sony is getting the best of the best. Consider it a game of attrition.

Here's the bad thing, though: Sony expect to show a ¥260 billion loss in the financial year ending Tuesday. The company has already announced a plan to slash 16,000 jobs.

Sony to reduce new recruits 48% to 280 for spring 2010 [Japan Today] [Pic]