The London paper reckons the corporate giant is on the brink of "corporate upheaval" and expects them to start slashing numbers like mad soon.
The time for judgement is expected soon after the Consumer Electronics Show in Las Vegas they report, with analysts foretelling of years of "multibillion-dollar losses" otherwise.
"Analysts are issuing blunt warnings of an impending flood of red ink in Sony," reports the article.
One analyst, Koya Tabata, "recently warned investors that the restructuring of Sony is perilously overdue and must be radical."
Despite all this corporate financial doom mongering though Sony has replied with a 'WTF', albeit it covered in subtle executive lingo: "We do not plan to announce additional restructuring measures at this time," said Sony's Atsuo Omagari. "We don't have any such plan."
It is hoped that the PlayStation division could see its console break even sometime this or next year, otherwise it wouldn't be an unthinkable outcome to lose one of the industries greatest icons.
Sony likely to close "several major divisions" reports Times Online
06 January 2009 | By Simon Priest