As news of mass layoffs in Sony businesses came about last week, the Japanese tech giant began handing out pink slips to around 216 employees in its California site early this week. On the chopping block were employees of Sony Pictures Entertainment, including the entire Interactive team of more than 70 employees in charge of digital marketing for its movies.
The move is part of the company’s reorganization in an effort to save $100 million annually. Top-level officials were also hit by the massive cuts caused by the restructuring, including Sony Pictures Home Entertainment executive vice president of worldwide commercial Matt Brown, who will retire at the end of the fiscal year in March 31. In a previous announcement, Sony mentioned layoffs of around 5,000 employees worldwide with 1,500 coming from Japan and the remaining from different sites and offices across the globe with Australia and New Zealand as the first hits.
Sony’s PC business, Sony VAIO will no longer be part of the company’s businesses. A statement released early this month said, “In line with Sony Corporation’s February 6 earnings announcement outlining global headcount reduction, together with the decision to cease ranging VAIO products in the ANZ markets as of June 2014, Sony has implemented some organizational changes resulting in a number of redundancies across A/NZ.” Aside from VAIO, the company will also close down its e-reader business, the Reader Store and customers from the company will be moved to another e-reader company, Kobo, according to a blog post by the Reader Store. Sony will continue with their LED TV business as CEO Kazuo Hirai described it as an “important category” for the company. “We are beginning to see the path to a turnaround in our TV business,” he said.
[via Latin Post]