Sony to cut global workforce by 5,000

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The cull is one of several drastic changes Sony will make this year as it aims to reduce yearly fixed costs by 100 billion yen (£597 million)

Sony will cut 5,000 jobs this year as part of a restructure aimed at reducing costs by £597 million.

The decision was made as Sony announced its financial results for the last three months of 2013, which showed that although sales and operating revenue increased by 24 per cent, it saw a “significant decrease” in PC sales.

Its PC division will be sold to investment fund Japan Industrial Partners, Sony said.

Its TV division – which saw a loss in 2013 – will become a separate company, it added.

Mobile News has asked Sony whether the job cuts will affect its UK staff. At the moment, it is understood 1,500 of the cuts will be made in Japan, with the remainder spread across its global offices.

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