Sony Ericsson Lay off Job Cut: Sony Ericsson Fires 450 employees: Finance Trading Times

Sony Ericsson Lay off Job Cut: Sony Ericsson Fires 450 employees

Apart from the other secotrs, the layoffs are going to hit the mobile and telecom sectors as well. Sony Ericsson has decided to go for lay off with 450 employees being fired from their jobs at Sony Ericsson .
The location where the Sony Ericsson lay off or job cut will happen is its Research Triangle Park location, the headquarters of the company’s North American operations.
Sony Ericsson Lay off Job Cut
Aldo Ligouri, Sony Ericsson’s head of global communications and public relations has confirmed the layoffs in the news.
The credit for layoffs is being given to company-wide changes that Sony Ericsson announced in July. At that time, the company said it would lay off 2,000 workers worldwide to adjust to tough market conditions.

There are around 750 workers in RTP, which serves as a key Sony Ericsson R&D hub. The handset maker, a joint venture between Japan’s Sony and Sweden’s Ericsson, has struggled in recent quarters. Waning demand for its high-end phones and product delays brought down profit to 6 million euros in the second quarter, down from 220 million euros a year earlier.

Sales also slumped in that quarter, to 2.82 billion euros, from 3.11 billion euros in the second quarter of 2007.
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