Sony reportedly set to cut another 1,000 jobs from its mobile division

According to a new report, Sony is planning to eliminate another 1,000 jobs from its mobile division. This move would be part of a restructuring effort that saw the company initially cut 1,000 jobs late last year.

The report, which comes from Reuters citing Japanese newspaper Nikkei Business Daily, also notes that Sony's workforce will shrink by a significant margin in the coming months:

Overall, Sony's mobile division workforce will shrink by about 30 percent to 5,000 by the end of the fiscal year ending March 2016, the report said.

Sony has recently faced increasing pressure in the mobile market from fierce competition with Chinese manufacturers such as Xiaomi, which are able to offer up devices at relatively low prices. As a result, the company's CEO, Kazou Hirai, stated last September that it will begin focusing its efforts on the high-end segment and breaking further into the U.S. market.

Sony is expected to announce the job cuts during its earnings report on February 4.

Source: Reuters

Dan Thorp-Lancaster