Sony Cutting 6.5% of Employees

By eug | iW NOW February 2, 2010 at 1:21AM

Sony Cutting 6.5% of Employees
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Sony Pictures Entertainment is laying off 6.5% of its global workforce, according to the LA Times, which is some 450 people.

"Our industry is affected by two things: It's affected by the economy, of course, and it's affected by technology," studio co-chair Amy Pascal said Monday in a video message, according to the paper, "Over the last two years, it's changed people's DVD-buying habits, which has had a huge effect on our company and the industry at large."

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