Monday, February 1, 2010

Sony Pictures says to lay off 450 workers (Reuters)

FILE - In this Jan. 19, 2010 file photo, former Japan Airlines President Haruka Nishimatsu bows during a news conference in Tokyo, shortly after Japan's flagship carrier filed for bankruptcy in one of the nation's largest corporate failures. The problems that confront Toyota, Sony and JAL differ, but experts say their struggles have some common themes: the perils of global expansion, a tendency to embrace the status quo, and smugness bred from success or a too-big-to-fail mentality. (AP Photo/Junji Kurokawa, File)Reuters - Sony Pictures plans to lay off 450 employees, or 6.5 percent of its workforce, in coming weeks to combat falling DVD sales, online piracy and other factors hurting long-term box office and sales growth.


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