Share on StockTwits
 

Sony is in talks to sell its troubled personal computer business Vaio and Thursday lowered its earnings forecast for the business year ending March to a 110 billion yen loss ($1.1 million). The company also said it’s cutting its global workforce by about 3 percent or 5,000 people by the end of March 2015 as it restructures its PC, television and other businesses. Some 3,500 of the job losses will be overseas and 1,500 in Japan. That comes on top of the 10,000 jobs cuts Sony announced over the previous year.

“Sony Lowers Forecast To Loss, Trying To Sell Vaio” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.