Sony Ericsson Plans to Issue 2,000 More Pink Slips this Year
Sony Ericsson posted a net loss of $387 million for the first quarter of 2009, its third consecutive quarterly loss. In response to falling sales, Sony Ericsson said it plans to cut 2,000 additional employees this year along with instituting other cost-reduction measures. Sony Ericsson already announced a work force reduction of 2,000 employees earlier this year. Sony Ericsson expects to save about $785 million by the middle of 2010 with the job cuts and restructuring efforts.
Hands On with the Sony Xperia XA1 Plus
Sony today announced the XA1 Plus, a handset that finds some middle ground between the XA1 and XA1 Ultra. It's a mid-range handset that leans heavily on Sony's tired design language.
Qualcomm to Cut Jobs Amidst Cost Restructuring
Qualcomm today said it will pursue aggressive cost restructuring, including the elimination of jobs, as it seeks to balance its financials. Qualcomm indicated it plans to slash $1.4 billion in expenses through a number of different actions, including job cuts of about 4,500, or 15% of its work force.
Sprint to Digest $150 Million Charge On Layoff Costs
Sprint will be forced to take a $150 million charge to cover costs associated with laying off staff, according to a filing with the SEC. Sprint announced plans to cut an undisclosed number of staffers earlier this year.
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 Falls to Become No. 4 US Carrier
Sprint reported its second quarter earnings today and the numbers reveal it has fallen behind competitor T-Mobile in the total number of customers. T-Mobile, which gained a total of 2 million new customers during the second quarter, reported a total customer base on 58.9 million.