Sunday October 21, 2012

Sony to Lay Off 2K Workers, Close Digital Imaging Factory

In a move to cut expenses, Sony has announced the closing of plants and laying off 20% of the headquarters staff by the end of the year. Sony has already announced the reduction in global workforce by 10K jobs which will be completed by spring of 2013.

The company expects to return to profit this year, though it recently lowered its outlook from earnings of 30 billion yen to 20 billion yen ($257 million).

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