“Mobile phone maker Sony Ericsson has said it will shed 2,000 jobs worldwide over the coming year to cut costs,” BBC News reports.
“The news came as Sony Ericsson reported an operating loss of 2m euros ($3.1m; £1.59m) for the second quarter, against a profit of 315m euros a year ago,” The Beeb reports. “Sony Ericsson said it was aiming to cut operating costs by £300m a year.”
The Beeb reports, “In June, the company had warned its profits would be less than previously forecast as demand for expensive handsets waned.”
MacDailyNews Take: Gee, quite the headscratcher; wonder where that demand went?
Full article here.