Sony Announces Plans to Cut 1,000 More Mobile Jobs

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More bad news comes from the Japanese tech giant this week, with a thousand more career casualties added to the already large number of layoffs these past few months. 

In an attempt to cut losses and optimize its profits, Sony has made plans to cut another 1,000 jobs from its smartphone division in Europe and China. These job reductions come on the tail end of another 1,000 cuts in Q4 of last year.  The job cuts reduce Sony’s total number of mobile division employees to 5,000—down 30%.

More information will be released in Sony’s April-December earnings report on Feb 4. This is bad news for lovers of smartphone competition. If Sony has to lay off workers in order to stay afloat in its market battles with Samsung and Apple, we can expect less innovation from the company in the coming months.

Source: Reuters