Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 06 February 2014 08:36

Sony to cut 5,000 jobs

Written by Fudzilla staff



By the end of next year

Mighty Sony is in a bit of trouble. The company was forced to significantly slash its revenue forecast and earlier this week it announced that it would sell its VAIO PC business. Sony’s operating income for Q3 was $860 million, net profit was $257 million and sales totalled $23 billion.

The company now says it will lay off 5,000 workers by the end of the next financial year. Japan will be hardest hit it seems, with 1,500 layoffs. Most of the cuts will be in the TV and PC divisions.

Sony’s gaming business seems to be doing ok and the PlayStation 4 is off to a good start, but so is its arch nemesis from Redmond.

Sony’s mobile business is in the green, too. It ended the quarter with a revenue increase of 44.8 percent year-on-year. Sony says the good results were made possible by a significant increase in smartphone sales. 

The home entertainment division also grew year-on-year, with a 24.8 percent revenue gain.

Fudzilla staff

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments