Sony cuts 1000 people off more than 60% U.S. stores

Sony Electronics layoffs 1000 people close more than 60% U.S. stores NetEase technology news February 27, according to foreign media reports, Sony Electronics company said Wednesday, will be cut one-third this year, that is 1000 employees. The layoffs will be part of a layoff plan announced earlier this month by Sony Group, its parent company. Sony Electronics headquarters in San Diego, the main high-definition TV. In a statement today, Sony, headquartered in Tokyo, announced plans to cut 5,000 jobs worldwide early this month. Meanwhile, Sony Electronics is closing 20 of its 31 U.S. retail stores. It is unclear whether Sony stores in Europe or Asia will be affected. The remaining 11 stores are mostly located or close to major markets: New York, Los Angeles, Orlando and Houston. Sony's two-storey flagship store in New York will remain. Although its building (Sony Office) was sold 1.1 billion dollars last year. At the time, Sony said it would remain in the building as a tenant for at least three years. Sony said it was "making the decision to maintain its competitiveness in a rapidly changing consumer electronics market." "The company also sold its PC business to Japan's industrial partners last month, making it a step forward in its ongoing restructuring plan," he said. Sony is expected to lose 11 billion of billions of dollars in demand-slowing television and PC business this year, while rivals such as Apple and Samsung Electronics dominate the still-growing smartphone market. The company plans to divest the television manufacturing sector as an independent operating entity. "While these measures are very difficult, they are absolutely necessary for a possible future turnaround," Sony Electronics's president and chief operating officer said in a statement. I have complete confidence in our ability to hold the business. "(John)