Thursday February 27, 2014

Sony Closing Two Thirds Of Its US Stores, 1,000 Jobs Lost

Sony Electronics today announced plans to restructure its organization to maintain its competitiveness in an evolving consumer electronics market. In line with Sony Corporation's Feb. 6 earnings announcement outlining an estimated headcount reduction of roughly 5,000 employees globally, Sony Electronics confirmed a total staff reduction of one-third by the end of the calendar year, affecting approximately 1,000 employees across all sites. In addition, in an effort to further streamline costs and continue focus on existing partner relations, Sony announced the closure of 20 U.S. Sony Stores.