Sony laying off 6% of work force

Sony has quantified its latest round of pink slips at 450 layoffs, or 6% of the Culver City studio's worldwide work force.

Another 100 open positions will be eliminated. More than half of the layoffs will hit its home-entertainment division and areas of IT staffing, reflecting the continuing decline in DVD revenue. Most of the pink slips will affect U.S. employees.

In March, Sony laid off about 250 employees and eliminated 100 open positions.

Sony Pictures Entertainment co-toppers Michael Lynton and Amy Pascal attributed the moves to a changing entertainment landscape.

"Amy and I have spent a lot of time thinking and talking and worrying about the impact that this has on people," Lynton said. "We understand that they're very, very difficult. We also, though, have to look to the future and make sure that the people who we do work with every day have a very good work environment and that the environment that we've created collectively, as a studio together, is the best possible one moving forward."

Added Pascal: "Our industry is affected by two things: It's affected by the economy, of course, and it's affected by technology. Over the last two years, it's changed people's DVD buying habits, which has had a huge effect on our company and the industry at large."


Hollywood, News


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