Sony Ericsson Reports Loss And Cuts Another 2,000 Employees

Posted: Apr 17 2009, 4:41am CDT | by , Updated: Aug 11 2010, 1:54pm CDT , in Technology News


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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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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