|Sony confirms 10,000 lay-offs in FY12, strengthens games business|
|Posted: 12.04.2012 08:41 by Jamie Davey||Comments: 0|
Sony's new CEO Kazuo Hirai has revealed the strategic plans that will be put in place to move the company out of its consecutive losses and back into a profit making machine by focussing on its core businesses while cutting personnel down by 10,000 in FY12.
“Sony is positioning digital imaging, game and mobile as the three main focus areas of its electronics business and plans to concentrate investment and technology development resources in these areas.” read the press release.
“By growing these three businesses, Sony aims to generate approximately 70% of total sales and 85% of operating income for the entire electronics business from these categories by FY14.”
Sony highlighted the PlayStation 3, PlayStation VITA, and PlayStation Network as its core platforms, and the company plans to target further sales and increase profits across these systems.
“These will form the foundations on which Sony will target further sales and profit expansion in the game business. The Company also aims to increase sales by enriching its catalog of downloadable game titles and subscription services available through the PSN platform, and also by expanding the lineup of PlayStation®Suite compatible devices and content.”
“Sony will target game business sales of one trillion yen and operating income margin of 8% by FY14.”
As Sony moves to make these changes to strengthen its core businesses, it will also restructure its “headquarters, subsidiaries and sales company organizations” to “enhance operational efficiencies”.
“In addition to this business portfolio realignment, as Sony moves to strengthen its core businesses and shift resources to growth areas, it will also restructure its headquarters, subsidiaries and sales company organizations in order to further enhance operational efficiencies. As a result of these measures, Sony estimates that the headcount across the entire Sony Group will be reduced by approximately 10,000 in FY12. “
You can read the full press release from Sony .