SAN DIEGO, CALIF.
Electronics today announced plans to restructure
In line with Sony Corp.’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.
“While these moves were extremely tough, they were absolutely
necessary to position us in the best possible place for future growth,”
said Mike Fasulo, president and chief operating officer of
Sony Electronics. “I am entirely confident in our ability to turn the
business around, in achieving our preferred future, and continue
building on our flawless commitment to customer loyalty through the
complete entertainment experience only Sony can offer.”
Sony said it will continue to focus on consumer 4K technology in its 2K models in 2014, “with a continued commitment to
the future success of its U.S. television business. The company will
place an increased focus on its premium products – including its
imaging line, high-resolution audio, and full suite of professional
solutions – while leveraging its strengths in hardware, content and
There are no further details at this time.