TOKYO – Saying it plans to concentrate on three core pillars going forward: electronics, games and entertainment, Sony Group also announced it will cut 10,000 people from its payroll.
The company announced its 2006-2007 plan today, which included a significant re-org, as well. “As a key part of this initiative, we are significantly reorganizing our electronics group to place centralized decision-making authority over key areas under the Electronics CEO. This substantial change abolishes the company system and assures coordination and focus across newly defined business groups. Rigorous horizontal coordination in key areas – product planning, technology, procurement, manufacturing, and sales & marketing – will allow rapid and streamlined decision making across product lines. This will also permit uniform software development that will assure seamless interoperability between our products, eliminate design and product redundancies, and assure decisive and rational R&D planning and spending,” says the release.
The restructuring and layoffs should help Sony save 200 billion yen (approx Cdn$2 billion) by the end of fiscal year 2007.
Resources will be focused on HD products (including broadcast gear), mobile products and semiconductors/key component devices.
For the full release, click here.
