Sony Corp. said Thursday that it plans to cut some 15% of its mobile-phone business's workforce, or about 1,000 jobs, to reduce costs and accelerate its push into the growing smartphone market.
The importance of smartphones can't be overestimated for Sony. Demand is growing at a breakneck pace, and the versatile devices are starting to eat into markets for products such as music players, digital cameras and portable game machines.
Source: Wall Street Journal. Read full article. (link)