Monday, June 17, 2019

SONY CONTINUES TO PARE DOWN

February 28, 2014 by · Leave a Comment 

On the heels of a report that Sony is shutting down most of its retail stores in the U.S., the Japanese business daily The Nikkei reported today (Friday) that the company has decided to sell its former headquarters in central Tokyo. The building is close to its current headquarters. According to the newspaper, the sale of the building would raise about $145 million. The company is also reportedly in talks to sell its loss-making Vaio personal computer division. And it has said that it will cut its global workforce by about 5,000 by the end of March 2015. Sony has forecast a $1.1 billion loss for its current fiscal year. However, Sony’s PlayStation division is thriving, and on Wednesday it unveiled a new smartphone, the Xperia Z2, that offers 4K resolution (four times the definition of current HDTV video) with noise cancellation audio.