SONY PICTURES: Movie studio is cutting 350 jobs
March 12th, 2009
Sony Pictures Entertainment Inc., the movie studio subsidiary of the Japanese electronics maker, is laying off nearly 250 people and eliminating nearly 100 open positions in an effort to cut costs.
Chief Executive Michael Lynton and studio co-chair Amy Pascal announced job cuts of 3.5 percent of the studio’s staff worldwide in a staff memo sent out Tuesday afternoon payday loan lenders. Less than 150 people will be laid off in the United States, most in Los Angeles.
Filed under: legal by Fred