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Report: Sony bosses take pay cut after fourth annual loss

According to The Wall Street Journal Sony heads — including CEO Kazuo Hirai — will decline their annual bonuses this year as Sony faces it’s fourth annual loss in the past five years.

In addition to declining their bonuses, executives are reportedly taking a 50 percent pay cut after Sony downgraded its financial forecast, expecting a 30 billion yen loss ($290 million USD) for the year ending 31 March.

In February Sony announced it was selling its Vaio PC arm and restructuring its TV manufacturing business. In April it was announced that Sony was selling its shares in Square Enix.

Sony will announce its full financial results for the past financial year on 14 May.

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