The Depression in Japan is really serious

Pioneer to cut 10,000 jobs globally

Pioneer Corp will cut 10,000 jobs globally to cope with sinking sales
of car audio equipment and flat-screen TVs. It will also withdraw from
its money-losing TV business.

The massive job cuts are the latest in a series of layoffs by corporate
giants. Sony Corp is shedding 8,000 workers while Nissan Motor Co
and NEC Corp are each cutting 20,000.