If you’re keen on buying new Sony kit any time soon, you might have to save a little longer. The company just announced it’s cutting 5% of its global workforce, and even plans to increase prices of its products to stave off financial troubles.
Announcing the move this morning, the Japanese superfirm said: “Sony intends to adjust product pricing to mitigate the impact of the appreciation of the yen, curtail or delay part of its investment plans, and downsize or withdraw from unprofitable or non-core businesses.
“Furthermore, Sony plans to realign domestic and overseas manufacturing sites, reallocate its workforce and reduce headcount.”
It’s estimated around 8,000 employees will be made redundant, in addition to cut backs in its seasonal and temporary workforce.
And if you’re hoping for a whizzy new product in the coming months? Don’t hold your breath. It sounds as if Sony’s trimming right back on its research and development spend too, postponing investment in new manufacturing techniques, outsourcing production of its CMOS image sensors for phones and 3rd parties, and overall reducing its investment in the electronics business by “approximately 30%” over the next fiscal year.
TBC | £TBC | Sony
