Sony May Cut 1,000 Jobs at Swedish Mobile Unit, Sydsvenskan Says

Sony May Cut 1,000 Jobs at Swedish Mobile Unit, Sydsvenskan Says

Tomohiro Ohsumi/Bloomberg

Sony is shrinking its global workforce by about 6 percent, closing plants and reorganizing its businesses after posting a 457 billion-yen ($5.8 billion) net loss for the year ended March 31 amid slumping demand for its Bravia TVs, competition from South Korean rivals and a strong yen, which erodes earnings from overseas.