Report: Sony To Close 20 Stores, Lay Off 1,000 Employees

sony_logo_720Approximately 1,000 Sony Electronics employees will soon be looking for work as the company is set to shut down 20 of its stores in order to “maintain its competitiveness in an evolving consumer electronics market” in the United States. This comes off the heels of Sony announcing 5,000 layoffs as well as the sale of its PC business in order to continue its company-wide restructure.

The report, which came from Twice, states that the 1,000 layoffs represent roughly 1/3 of that departments workforce.

“While these moves were extremely tough, they were absolutely necessary to position us in the best possible place for future growth,” Mike Fasulo, president and COO of Sony Electronics, said in a statement. “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.”

The company is expected to put more of a focus into content, gaming and hardware over the coming years as a way to try and turn the company’s profits around.

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Topics: News, Sony, Video Games

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