Sony Electronics Cuts Jobs, Closes U.S. Stores26 Feb, 2014 By: Chris Tribbey
Sony Electronics is cutting 1,000 jobs, or a third of its workforce, and closing 20 Sony Stores in the United States, the company announced Feb. 26.
The job cuts are part of the larger workforce reduction for parent company Sony Corp., which announced 5,000 layoffs across its divisions Feb. 6.
“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 COO 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.”