Sony's Gaming Division to Cut U.S. Jobs
Rumors of Sony Computer Entertainment's plans to cut U.S. jobs were substantiated on Thursday with the announcement of its plans to restructure in the face of last year's operating losses.
The size of the cutback is not yet known, however the recent streamlining of its European gaming unit saw the loss of 8 percent of the workforce there. If a comparable cut is made stateside, it could mean roughly 120 employees would be let go.
A similar restructuring was also mentioned for its Japanese division, though no plans have been finalized yet.
The sales figures of the PS3 have been well reported, and Japanese magazine publisher Enterbrain showed that Nintendo's Wii has been outselling Sony's console by a four to one ratio. But Sony seems to be struggling not with the other companies in the video game market, rather against the price tag of its own console.
Despite the struggles of the gaming division, May saw Sony's shares reach their highest price in five years.