Beyond the improved earnings, Sony proposed layoffs

Recently Sony 2014 fiscal third-quarter earnings, data show that sales revenue of 2.5578 trillion yen (approximately US $ 21.139 billion) grew by 6.1%, an operating profit of 178.3 billion yen (approximately US $ 1.474 billion). Among them, the mobile products and communication business sales revenues amounted to 429 billion yen (about 3.545 billion dollars), operating profit of 9.3 billion yen (US $ 76 million). Mobile growth mainly due to the performance of smartphone sales growth, product optimization and good exchange rates. In addition, Sony plans to March 2016 layoffs of 2,100, move to reduce operational costs and increase profit margins. It is reported that this round of cuts is mainly concentrated in Europe and China.