Sony freezes workers' salaries, others consider following suit

It's already laid off thousands of employees and undertaken a number of other drastic cost-cutting measures, but it looks like Sony isn't quite done with the belt tightening just yet, with the company now announcing that it'll be freezing workers' salaries for the financial year starting next month. As Reuters notes, Sony normally raises employee pay annually based on their role and performance, rather than seniority like many other Japanese companies, and this latest move follows some pay cuts to many of the very same affected workers, who've recently seen their wages drop by 10 to 20%. Not surprisingly, a number of other big Japanese technology companies including Toshiba, NEC and Hitachi are also said to be considering similar moves, but they don't seem to be quite ready to announce anything just yet.