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Business

Sony to ax another 1,000 workers in smartphone segment

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The massive Sony exhibit space is seen at the International Consumer Electronics show in Las Vegas, Nevada Jan. 6.   © Reuters

TOKYO -- Sony plans to cut an additional 1,000 employees in its smartphone business, mainly in Europe and China, under an effort to bring the segment into the black.

     The Japanese electronics giant had announced last October that it would eliminate around 1,000 jobs, mainly in smartphone operations. It has apparently decided to let more people go in hopes of improving earnings. In all, the workforce will shrink by roughly 30% to 5,000 as of the end of the fiscal year through March 2016.

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