Sony’s already reported a less than stellar Q4 earnings which resulted in the company raising their loss for the full year. Prior to Sony’s financial earnings, Sony had already begun restructuring many parts of their operations, including TV manufacturing. A major TV restructuring will hopefully allow Sony to better compete with South Korean rival Samsung, while better fending off US-made Vizio, who famously makes lower quality TVs. Under the new plans, Sony is splitting their TV operations into three separate businesses starting on November 1st, 2011. These three new departments include LCD TVs, outsourcing, and next-gen TVs.
Now AllThingsD has learned that, over the last several weeks, Sony has been quietly cutting their U.S. workforce as well. The electronic giant has so far cut 100 U.S. jobs, under a new plan called “Fit for the Future.” It’s predicted that more cuts will come in the future though no significant numbers of cuts is expected (i.e., the cuts won’t be in the multi-thousands). Besides cutting jobs under this new program, which will help bring the company’s costs lower, Sony is also evaluating ways to make their brand more profitable, which can come in the ways of a tighter supply chain and inventory management. Tim Cook famously brought this to Apple in the early 2000s which helped the Cupertino-based company significantly lower their costs while having more of the products people wanted on store shelves.
Under this new program, Sony also wants to improve its relationship with consumers by expanding their reach in social media and interactivity with owners and would-be buyers. Sony is also continuing their retail store rebranding, which they started last April by ending the ‘SonyStyle’ name in favor of just ‘Sony‘. Speaking of retail stores, Sony also wants to increase the number of reps they have available in other retail outlets like Best Buy to ensure proper representation of their brand.
During a press event next month, Sony is expected to lay out more information on their “Fit for the Future” initiative.
You must be logged in to post a comment.