Sony Ericsson plans to lay off a further 2,000 employees in the wake of deeper quarterly financial losses.
The staff cuts, announced on Friday, add to the 2,000 cuts the handset maker outlined in July. They came the same day that Sony Ericsson reported its first-quarter earnings results, which showed that the company had a pretax loss of 358 million euros ($467 million) for the first three months of 2009. The company's earnings slipped into the red in the third quarter of 2008, and its losses have deepened ever since.
"As expected, the first quarter of … Read more