In an attempt to avoid a fourth consecutive financial year ending in a loss, Sony Corp is mulling to reduce its global workforce by 6 percent. 6 percent workforce is equal to nearly 10,000 job cuts. . In addition, it is believed, senior executives won't be getting any bonus at all for the current year.

It is believed, the newly appointed Chief Executive Officer Kazuo Hirai is under immense pressure to return the Japanese consumer electronics and entertainment company to profit after four years in the red. 

According to latest chunk of information, 5,000 of the job cuts would be a result of reorganizing Sony's chemicals and panels businesses.

Earlier back in December 2008, Sony had announced to cut 16,000 workers after the global financial crisis affect demand for Sony’s electronics products.  The company has not managed to make any profit since then. 

Latest stats revealed, Sony is expecting 220 billion yen ($2.7 billion) net loss for the fiscal year just ended. 

Market watchers added, Sony has joined Nokia in the job-axing quest, which should help optimize the workforce boost productivity and, ultimately, profits.

Any spokesperson from Sony has declined to comment on the report. However, it is expected that Sony will make an official announcement regarding the job cut on April 12.