Major Layoffs Hit Sony Due to Restructuring Plan
This past April, it was rumoed that Sony would lay off roughly 10,000 employees (6% of the company). Today, it was revealed that the first phase of this restructuring plan is now underway. The reduction of its workforce by 10,000 employees, however, has been pushed back to March 2013.
2,000 employees will be laid off in Europe. 5,000 employees will be let go after a failed venture with Ericsson. Another 2,000 employees will be let go from its head offices in Gifu, Japan. The remaining will be losses "at other factories around the world."
The cuts are expected to save Sony roughly $378.6 million a year. Sony's CEO, Kazuo Hirai, says that the company will again place a huge focus on gaming, digital imaging, and mobile devices in a bid to return to their former glory.