Friday, August 24, 2012

Sony Mobile to Cut 1,000 Jobs

TOKYO?Sony Corp. said Thursday it plans to cut some 15% of its mobile phone business's workforce, or about 1,000 jobs, to reduce costs and accelerate its push into the growing smartphone market.

The job cut comes after Sony took full control of its mobile phone joint venture with Sweden's Telefon AB L.M. Ericsson earlier this year.

The importance of smartphones can't be underestimated for Sony. Not only is demand growing at a breakneck pace, the versatile devices are starting to eat into markets for products such as music players, digital cameras and portable game machines.

As Sony's mobile business has ...


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