Sony closing 20 out of 31 U.S Stores and 5000 layoffs

[GoodBytes]

Sony has announced that they will be closing 20 out of it's 31 stores by year end, in the U.S.

This part of it's restructure to bring the company finances in better shape.

It is a company-wide cost-cutting effort, the company says.

Already, Sony has fired a lot of employees, sold buildings and sold their PC division, and a few years back sold their TV panel manufacturing, and now Sony TV uses Sharp panels and internals.

In addition, the company expects to fire 5 000 employees worldwide by the end of Sony's 2014 fiscal year, and continue in 2015.

"While these moves were extremely tough, they were absolutely necessary to position us in the best possible place for future growth," said Mike Fasulo, president and chief operating officer of Sony Electronics, in a press release today. "I am entirely confident in our ability to turn the business around, in achieving our preferred future, and continue building on our flawless commitment to customer loyalty through the complete entertainment experience only Sony can offer."

Source: http://www.polygon.com/2014/2/26/5450464/sony-closing-sony-stores-us-2014

[Puddleuk]

Solution: Cut Pay at the top levels and give real people a chance to earn and still have a job.

[IdeaStormer]

They've been downsizing for a couple years now, have seen friends let go from marketing and dev groups.

 

They used to make the best monitors and for some odd reason dumped that segment of their business. At work we have a ton of older Sony LDC's and CRT's still kicking butt. Why they dumped that is a loss to me.

[Scionyde]

Sony had their own stores? O_o

[TheSLSAMG]

Solution: Cut Pay at the top levels and give real people a chance to earn and still have a job.

This is pretty much Nintendo's philosophy, and while they may be failing, I think it's a good one to take up.

[LinusTech]

I wonder how much they spend on developing proprietary solutions to things rather than using industry standards and refining the user experience...

[TheSLSAMG]

Sony had their own stores? O_o

Yep, they're all over the place here in the US. I have been to a few. They're nice and all, but they carry everything I could buy in the Best Buy or Micro Center that isn't in a crowded mall.

 

Also, hello fellow New Yorker!

[TheSLSAMG]

I wonder how much they spend on developing proprietary solutions to things rather than using industry standards and refining the user experience...

I am guessing quite a bit. I mean, a lot of companies do this too of which a prime example is Apple, but they at least are on stable financial ground.

[MangoJuiceStain]

It's not like anyone went to the Sony store anyways . I feel bad for those 5000 people though.

[MatheusSanzo]

All those jobs...

[Misanthrope]

Whenever I see this kinds of brand stores I immediately remember this:

[Xorbot]

It's not like anyone went to the Sony store anyways . I feel bad for those 5000 people though.

 

I was laid-off 1 week before last Christmas.  It was for a job that I relocated to and incurred a lot of expenses doing so.

 

I feel sad for no one.

 

Sorry for the pessimistic view, however.

[Misanthrope]

I was laid-off 1 week before last Christmas.  It was for a job that I relocated to and incurred a lot of expenses doing so.

 

I feel sad for no one.

 

Sorry for the pessimistic view, however.

 

No apologies are necessary we know we live in a pretty cutthroat job market.

[wpirobotbuilder]

Solution: Cut Pay at the top levels and give real people a chance to earn and still have a job.

That really could pay for those employees' salaries, depending on how much the execs are paid.

[BallisticPeanut]

Sony had their own stores? O_o

 

I also didn't know they had any

[Tocsin_786]

Yep, they're all over the place here in the US. I have been to a few. They're nice and all, but they carry everything I could buy in the Best Buy or Micro Center that isn't in a crowded mall.

 

Also, hello fellow New Yorker!

in Roosevelt field mall the sony store is right next to the apple store. and its depressing how the apple store is filled and the sony store is emptier than a empty cereal box

[TheSLSAMG]

in Roosevelt field mall the sony store is right next to the apple store. and its depressing how the apple store is filled and the sony store is emptier than a empty cereal box

I love Roosevelt Field, and yeah. It's pretty sad

[TopWargamer]

Sony has stores? Didn't know. 

 

They need to do these things to really save money:

 

1) Just flat out close down all of your stores, in the U.S. at least. 

2) Use industry standards 

3) Cut executive salaries 

[rashdanml]

I also didn't know they had any

They've had stores for at least 10 years, we've purchased a TV from a Sony store in the past.