Swipe through the latest business and wealth clues with our android app

Sony to slash smartphone workforce by half by 2020

Sony is now going to slash its mobile division workforce by half by 2020 due to stiff competition and poor sales. Around 2,000 employees could either lose their jobs or get shifted to a new department at Sony. Sony has struggled to compete against leaders Apple, Samsung Electronics and Huawei Technologies. While some of the Japanese employees hit by the decision would be transferred to other divisions in the company, the firm would offer voluntary retirement to affected employees in its Europe and China operations.

Read More at CNBC TV18 News date : 1 Apr 2019, Monday

©2019 TheNewsClues