Sony to lay off 1,000 employees in smartphone division

Sony

Rough terrains seem to be ahead for Sony as the company is reportedly planning to sack 1,000 employees in its smartphone unit. The decision to shrink the workforce has sparked anxiety in electronics giant’s European and Chinese arms, which are likely to get most affected, reported Nikkei.

The Japanese multinational conglomerate had previously laid off 1,000 employees in its mobile division in October.

The Nikkei report further added that Sony’s mobile unit would see a shrink of 30 percent by next fiscal. It means about 5,000 employees will lose their jobs by March 2016.

The company, which is expected to make an announcement about its latest cuts on Feb. 4, lost approximately $1.26 billion last fiscal.

Source: Reuters