In a press release, Sony U.S. Electronics has announced an organization restructuring in order to “maintain its competitiveness in an evolving consumer electronics market.”
Sony confirmed a total staff reduction of one-third by the end of the calendar year, which will affect approximately 1,000 employees across all sites. In addition, Sony announced closing of its 20 US stores.
President and COO of Sony Electronics, Mike Fasulo, said
“While these moves were extremely tough, they were absolutely necessary to position us in the best possible place for future growth. 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.”
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