300 Jobs Cut At Sony Pictures Entertainment
Sony Pictures Entertainment is joining the ranks of multimedia companies making serious job cuts. The studio had been one of the last holdouts on significant layoffs, and is now slashing some 300 jobs. The reductions will be made through a combination of cutting staff and eliminating open positions. A spokesman for the studio declined comment. There’s been speculation that the cuts may be heaviest in the studio’s international units.
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My wife works for SPE and she got an email from her boss stating specifically that their department didn’t need to worry. I just tell her SPE should make more quality movies!
This is a small token to show SONY that they are towing the line on expense cuts. The reality is that SPE made a profit last year – the only division to do so within SONY’s stable. 300 positions in an organization of 7,000-8,000 employees is minimal. At best, the directive will be used to thin out the heard and get rid of dead wood that would normally be fired, but easier to let go via a “layoff”. Chances are, if you were let go, you were an underperformer. If someone you know is let go, then he/she probably deserved it and you’ll find reason why it was them and not you.
This says nothing about the stability of Sony Pictures Entertainment or their movies.
Michael and Amy are doing a great job leading this fine organization through some tough times.
Kudos to them!!
It's very horrible for the employees of the Sony Pictures Entertainment. To meet the needs of public, the entertainment industries need huge workforce that results in enormous employment opportunity for lots of people. Vivid demands of public have lead to the creation of numerous entertainment jobs that are getting bread and butter for thousands of people.But when it comes to Cutting jobs it also effect the entertainment industry.
It's very horrible for the employees of the Sony Pictures Entertainment. To meet the needs of public, the entertainment industries need huge workforce that results in enormous employment opportunity for lots of people. Vivid demands of public have lead to the creation of numerous entertainment jobs that are getting bread and butter for thousands of people.But when it comes to Cutting jobs it also effect the entertainment industry.
Sony Pictures Entertainment now slashing some 300 jobs. The main reason behind it is budget.From next financial year they wana be more profitable with less overhead cost.
Sony Pictures Entertainment now slashing some 300 jobs. The main reason behind it is budget.From next financial year they wana be more profitable with less overhead cost.