Sony Corp. Said Cutting Jobs at Entertainment Division
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Sony Corp. began a new round of job cuts at its entertainment division, a person with knowledge of the situation said, part of Chief Executive Officer Kazuo Hirai’s effort to improve profitability at the unit.
Sony Pictures Entertainment is eliminating about 216 positions at its Culver City, California, headquarters, according to a letter to state regulators obtained by Bloomberg News. Cuts are also taking place at other locations worldwide, the person said, asking not to be named because the details aren’t yet public. Sony began notifying employees yesterday and will continue over the next few days, said the person.