Rumors of drastic cost cutting at Sony abound, Sony says not so fast

Sony already announced some pretty significant layoffs and other cost-cutting measures last month, but it looks like the company could be set to take things even further, with the Times of London now reporting that some major factory and division closings could also be in the offing as early as next month. Any details beyond that are a bit light, it seems, but Sony is denying that any such plan exists, with a spokesperson saying simply that the company does "not plan to announce additional restructuring measures at this time." Not exactly a flat out denial, to be sure, and it certainly wouldn't be the first time that a company revised their layoff estimates this season.