Sony cuts 1000 US jobs, puts former Tokyo headquarters on sale


Although Sony hardly ever shows signs of weakness, its consumer electronics business isn't as glossy on the inside as it seems on the outside. According to a WSJ report, Sony is looking to sell its former former headquarters and surrounding buildings in central Tokyo. In addition, Sony plans to cut around 1000 work positions in the USA - a one fifth of the company's planned global staff reduction for 2014.



As unfortunate as it may seem - Sony is basically putting its birthplace for sale, and people will be losing their jobs, the company must be commended for fearlessly disposing of its unprofitable ventures. As the Japanese media said, there are "no sacred cows" here. Speaking of which, last year Sony parted ways with its US headquarters at 550 Madison Avenue, NYC - the famous Sony tower. It also sold off one of its main buildings in Tokyo, and both buildings went for $1.1 billion. In addition, this year the company sold its VAIO computer business to Japan Industrial Partners.



The "Gotenyama" complex in Tokyo's Shinigawa Ward became home to Sony's founders, Akio Morita and Masaru Ibuka, way back in 1947. Allegedly, it's there where they invented revolutionary pieces of technology, such as the transistor radio, the Walkman music player, and the Trinitron TV. However, Sony officials claim that the true birthplace of the company, where all the engineering history happened, is now a historic museum. And that's not up for sale.


Now that Sony has shed off the extra weight of its PC business and real estates, it will continue to focus predominantly on mobile technology, entertainment, and photography. The company expects a loss of $1.1 billion until March 2015, due to costs associated with maintaining its struggling TV and PC divisions.



source: The Wall Street Journal

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37 Comments

1. PapaSmurf

Posts: 10457; Member since: May 14, 2012

Damn that sucks big time to the 1,000 people.

3. akki20892

Posts: 3902; Member since: Feb 04, 2013

This is Sony zone dude.

24. emadshiny

Posts: 1144; Member since: Dec 05, 2012

Sony or HTC or Apple, it doesn't matter. He would troll wherever he can.

25. PapaSmurf

Posts: 10457; Member since: May 14, 2012

How the hell am I trolling? Re-read my comment again, look at comment #13 and come back and say I'm trolling. Jesus Christ you Sony fanboys are the worst.

30. Odiin

Posts: 373; Member since: Apr 23, 2013

Completely agree with you.

28. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

This news really suck!! I love the Sony brand.

36. just_another_random_guy

Posts: 2; Member since: Apr 12, 2013

Me too, sad to hear this news. I have Sony playstation, sony player, sony earphone and sony Xperia phone. I hope Sony Company will raise again to it's glorious days again like in the past....

2. alterecho

Posts: 1106; Member since: Feb 23, 2012

Et tu Sony?

18. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Well at some point you have to realize you can't just keep carrying everything. They have to streamline fast now and hopefully it leads to better and more innovative products in the future. Less bureaucracy will also help make things less confusing and those that lose their jobs, hopefully, are able to find something else quickly enough.

4. papss unregistered

They also laid off many of there gaming studio employees. Not good for these guys.. They better start changing their business model.. I'd love to have a Sony phone on ATT or better yet a wp8 Sony phone on ATT

11. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Or maybe they should stop with the 6 months flagship cycle and change it to one year, one flagship; they should also release their phones to the four major carriers in the US.

26. jsdechavez

Posts: 799; Member since: Jul 20, 2012

They'd probably revert back to longer product cycles when their market share improve.

5. AfterShock

Posts: 4146; Member since: Nov 02, 2012

Damn, Hang in there Sony.

6. Taters

Posts: 6474; Member since: Jan 28, 2013

I love Sony tv's. Not sure who I'll go with next then if they stop making them. LG or Panasonic I guess....

7. PapaSmurf

Posts: 10457; Member since: May 14, 2012

At my job we have a SEIKI 4K 50" TV for $599... SEIKI is doing big things lately.

17. AnukulVcool unregistered

u drunk ?

19. PapaSmurf

Posts: 10457; Member since: May 14, 2012

I'm sober atm. Why do you ask?

14. ArtSim98

Posts: 3535; Member since: Dec 21, 2012

I think Sharp has the best TV's. They have just ASTONISHING picture quality!

8. umerkhan

Posts: 19; Member since: Feb 12, 2014

Really Sony yew are in troble these days,,i'm surprised about TV's those are not struggling,Bravia is still one of the top notch TV Line of all time..

9. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Sadly, they sold Vaio. Vaio laptops are a beautiful masterpiece.

10. jexxx

Posts: 48; Member since: Feb 23, 2014

Hahahahahahaha! This news made my day! :D

12. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

1,000 peoples lose their jobs and you think it's funny? What kind of evil pathetic animal are you?

13. PapaSmurf

Posts: 10457; Member since: May 14, 2012

I don't care who it is, but losing your job is probably one of the worst things that can happen to anyone. Anyone who finds this funny need to re-evaluate their life.

20. jexxx

Posts: 48; Member since: Feb 23, 2014

Nah, Samsung will be more than happy to hire them

37. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

I don't think is funny. However, if people keep purchasing and supporting foreign (I know Sony is not an American Co.) products/companies, money goes overseas, is that simple. Why, personally was saddened by the sale of Motorola.

15. HTCOE

Posts: 650; Member since: Nov 20, 2011

Due to overpriced products

23. williamdroid

Posts: 125; Member since: Jan 19, 2014

Hmmm your comment reminds me of HTC

35. givemespecs unregistered

You get what you pay for and with Sony you get top quality

16. joonlin

Posts: 11; Member since: Feb 26, 2014

I believe Sony is a good company. Hope Sony will keep improving and get back everything they lost.

21. LikeMyself

Posts: 631; Member since: Sep 23, 2013

Smartphones killing conventional world! Revolutionary apocalyptical world in the near future! So excited about this new world!

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