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Sony Ericsson Reports Loss and cuts another 2,000 Employees

Topic: Technology News

Posted on Fri, 17 Apr 2009 04:41:28 CDT | by Luigi Lugmayr

Sony Ericsson Reports Loss and cuts another 2,000 Employees

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Sony Ericsson warned about the Q1 loss in March. Today the mobile phone maker published the cold hard numbers of the past Quarter and announces yet another round of lay-offs.
The company announced a loss of 293m Euro for the quarter. The same quarter a year ago Sony Ericsson still had positive earnings of 133m.
Sony Ericsson shipped 14.5 million units, a decrease of 35% compared to the same period of last year.
To counter the losses Sony Ericsson decided to cut another 2,000 employees world-wide. The company already cut 2,000 earlier this year.
Via this Sony Ericsson announcement.






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Posted on Fri, 17 Apr 2009 04:41:28 CDT | by Luigi Lugmayr

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