Jump to content

Sony to cut 5,000 jobs


anuseems

Recommended Posts

By the end of next year

Mighty Sony is in a bit of trouble. The company was forced to significantly slash its revenue forecast and earlier this week it announced that it would sell its VAIO PC business. Sonys operating income for Q3 was $860 million, net profit was $257 million and sales totalled $23 billion.

The company now says it will lay off 5,000 workers by the end of the next financial year. Japan will be hardest hit it seems, with 1,500 layoffs. Most of the cuts will be in the TV and PC divisions.

Sonys gaming business seems to be doing ok and the PlayStation 4 is off to a good start, but so is its arch nemesis from Redmond.

Sonys mobile business is in the green, too. It ended the quarter with a revenue increase of 44.8 percent year-on-year. Sony says the good results were made possible by a significant increase in smartphone sales.

The home entertainment division also grew year-on-year, with a 24.8 percent revenue gain.

http://www.fudzilla.com/home/item/33866-sony-to-cut-5000-jobs

Edited by anuseems
Link to comment
Share on other sites


  • Views 618
  • Created
  • Last Reply

Top Posters In This Topic

  • anuseems

    1

Popular Days

Top Posters In This Topic

Popular Days

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...