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Sony cuts jobs

Needs to save cash
Thu Jun 07 2007, 08:02
MAKER OF THE PS3, Sony is having to cut staff in the US. The move seems designed to save costs as the console has not taken off as the firm would have liked.

According to the Sydney Morning Herald, the job cuts are to Sony's video-game unit. Other sources say 100 workers are to get the order of the boot. The US job cuts follow those in Europe. Sony is not laying off anyone in Japan which remians still one of its most important markets.

Sony says the moves are to adjust to the needs of the industry, as people increasingly use their machines for linking to the Internet, watching video, listening to music or looking at photos, not just playing games. However it did not indicate how sacking its US and Euro staff would do that.

Sony isn't expecting to post a profit in its game business until the fiscal year ending March 2009. µ

 

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