Sony Electronics today confirmed previous plans to restructure its organization and announced the closure of U.S. shops thus, a significant headcount reduction.
Earlier this month, Sony Corp. announced during its earnings conference an estimated headcount reduction of roughly 5,000 employees globally. U.S. nased Sony Electronics confirmed a total staff reduction of one-third by the end of the calendar year, affecting approximately 1,000 employees across all sites. In addition, in an effort to further streamline costs, Sony announced the closure of 20 U.S. Sony Stores
"While these moves were extremely tough, they were absolutely necessary to position us in the best possible place for future growth," said Mike Fasulo, President and COO of Sony Electronics. "I am entirely confident in our ability to turn the business around, in achieving our preferred future, and continue building on our flawless commitment to customer loyalty through the complete entertainment experience only Sony can offer."
Sony said it continues to focus in premium products across all of CE, including all-things-4K, and further plans to strengthen its 4K product lineup and bolstering 2K models in 2014, with a commitment to the future success of its U.S. television business. The company will place an increased focus on its premium products ? including its digital imaging line, high-resolution audio, and full suite of professional solutions ? while leveraging its strengths in hardware, content and gaming.