Pioneer Cuts 10,000 Jobs

Pioneer laid off 10,000 people or 27% of their worldwide workforce today including many in the very profitable DJ product division. These 10000 job cuts are in addition to the 5,900 job layoffs by Pioneer in 2008. Of the 10,000 employees to be fired, 6,000 are full time employees while 4,000 are contract workers. All the job cuts will take place in Japan as well as abroad.

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