Sony to Trim Jobs, Close Phone Assembly Plant
Sony today provided more details about previously announced job cuts and other cost-saving measures. The company plans to lay off approximately 2,000 people from its headquarters and plant in Gifu, Japan. Another 2,000 workers employed in Sony's European offices will also be let go. Sony earlier this year said it would cut up to 10,000 jobs by March 2013. In addition to the job cuts, Sony also plans to shutter a manufacturing facility that makes camera lenses and mobile phones. Sony believes these changes will help it save about $380 million in costs per year.
Hands On with the Sony XZ Premium
Sony's luscious new phone is to die for. The 4K HDR screen is the best display you've ever seen on a mobile device and Sony wrapped it up in a serene metal-and-glass package.
Sony to Buy Toshiba's Camera Sensor Business
Sony has agreed to acquire Toshiba's camera sensor business for $155 million. Under the terms of the deal, Sony and its subsidiary, Sony Semiconductor Corporation, will acquire a fabrication facility, equipment, 1,100 employees, and other assets associated with Toshiba's 300mm wafer production facility in Oita, Japan.
Sprint Cuts 2,500 Jobs to Reign In Expenses
Sprint has trimmed some 2,500 employees at various job sites, said the company. The cuts were primarily made at its Kansas headquarters and six customer care centers.
Lenovo Announces Layoffs, Remains 'Committed' to Motorola
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.