Sony Lays Off 300 At Movie Studio

March 5. 2009

Sony is suffering from a massive sales decline that saw them layoff 16,000 people a few weeks ago. Well, they’ve done it again this week, firing 300 from their thieving Sony Pictures unit, responsible for copyright infringing films like “Hancock” and “You Don’t Mess With The Zohan” (Kabbalah speak for “Zohar”).

Howard Stringer has run the company into the ground, as it is faring worse than all its competitors in each area of trade they have products in the marketplace.

Sony reportedly to cut about 300 jobs amid slumping DVD sales

The studio will trim about 4% of its workforce through layoffs and by eliminating open jobs, a source says. A Sony spokesman declined to comment.

March 4, 2009 - Sony Pictures Entertainment, grappling with slumping DVD sales and a worsening economy, plans to cut about 300 jobs, or about 4% of its workforce, through layoffs and by eliminating open positions, according to a person familiar with the situation.

The cuts could come as early as next week, the person said. A Sony spokesman declined to comment...

Sony Pictures, a unit of Japanese electronics giant Sony Corp., saw revenue for the quarter that ended Dec. 31 slide 8% to $1.9 billion because of lower DVD and television program sales.

The studio also is under pressure from its parent company, whose core consumer electronics business is reeling from the bad economy. Sony Corp. recently slashed 8,000 positions out of its 180,500-member workforce...

http://www.latimes.com