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LOS ANGELES Sony Pictures Entertainment began notifying employees Tuesday of layoffs that will affect 3.5 percent of its workforce worldwide.
About 250 positions are being cut, with roughly 150 in the U.S. Of those, about 120 are in the Los Angeles area.
Additionally, another 100 jobs that are considered open will not be filled. Overall, the reductions amount to 5 percent of the Sony workforce.
In a company-wide e-mail issued yesterday, company chairman and CEO Michael Lynton and co-chairman Amy Pascal said that despite such cost-saving efforts as reductions in overtime, travel and executive benefits, the economic downtown made reducing the workforce necessary.
“Today,
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