Sony Electronics Unit to Cut One-Third of Its Employees
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Sony Electronics said it will eliminate one-third of its staff this year, or 1,000 employees, as part of the job cuts its parent company Sony Corp. announced this month.
The San Diego-based unit, which makes high-definition televisions, will also close 20 U.S. stores, it said yesterday in a statement. Sony Corp., based in Tokyo, announced plans earlier this month to cut 5,000 jobs around the world. Sony shares fell.