Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»Hiring & Firing»Sony India lays off over 120
    Hiring & Firing

    Sony India lays off over 120

    HRK News BureauBy HRK News BureauFebruary 17, 2020Updated:February 17, 20202 Mins Read5493 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Sony India has had to let go approx. one seventh of its workforce in the country. This means, about 120 employees have been rendered jobless across functions. The Japanese electronics company has been struggling with poor sales of television sets. Availability of cheaper Chinese models in the market these days is only making matters worse. While some feel about 200 employees have been asked to leave, Sony India denies the figure.

    India’s television market has been witnessing a slump of late, with sales falling two per cent each in the last two years. Surveys have revealed that consumers these days prefer to stream content on their smartphones instead of going for a television set. The expansion of the market has also slowed in the last few years. The expansion was 22 per cent in 2015, 17 per cent the following year and only three per cent in 2017.

    In a bid to cut costs, the Company is merging certain branch offices and redundant roles. The Surat and Ahmedabad branches have been merged and so have the Gurgaon and Delhi branches.

    Catering mainly to the upper and upper-mid segments of the market, the Company is now re-hauling its business strategy and human resources to ensure more agility, efficiency and long-term stability.

    The downsizing process will be handled in a very dignified, sensitive and responsible manner as per a Company spokesperson. Quite recently, Sony India’s business head also quit the Company, but this was a voluntary resignation and not part of a downsizing strategy.

    The Company faced a revenue dip last year, for the fourth consecutive year.

    layoffs Sony India
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    5 + two =

    Related Posts

    Maxme launches human skills programmes to future-proof India’s workforce

    May 16, 2025

    Aviation Ministry introduces transition plan for Celebi’s 10,000 employees

    May 16, 2025

    SC orders West Bengal to pay 25% DA to state employees

    May 16, 2025

    Andhra Pradesh govt eases employee transfer ban till 2 June

    May 16, 2025
    EDITOR'S PICKS

    The quiet commute: How a digital detox is reshaping work-life balance

    May 16, 2025

    “Dark factories still a decade away from disrupting India’s employment market,” Sushil Baveja, CHRO, Jindal Stainless

    May 15, 2025

    How Pramerica Life builds an ethical culture that works

    May 15, 2025

    Red flags in job applications: What candidates miss but recruiters spot

    May 14, 2025
    Latest Post

    Maxme launches human skills programmes to future-proof India’s workforce

    News May 16, 2025

    As India ramps up efforts to prepare its workforce for a rapidly-evolving professional landscape, the…

    Aviation Ministry introduces transition plan for Celebi’s 10,000 employees

    News May 16, 2025

    The Ministry of Civil Aviation has initiated a comprehensive transition plan to ensure that approximately…

    SC orders West Bengal to pay 25% DA to state employees

    News May 16, 2025

    In a significant development, the Supreme Court has directed the West Bengal government to pay…

    Andhra Pradesh govt eases employee transfer ban till 2 June

    News May 16, 2025

    The State government of Andhra Pradesh has announced a temporary relaxation of the ban on…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.