Sony Pictures To Lay Off 300

Sony Pictures plans to lay off 300 workers in the next year and a half. “The layoffs will follow the elimination of 1,000 jobs in the entertainment and electronics giant’s struggling music group earlier this year. The new cuts are expected to hit across the board at Sony Pictures’ key business units, including its Culver City-based Columbia Pictures movie studio, domestic and international television operations and Sony Pictures Digital. Sources estimate that the cuts could save the company as much as $75 million a year.”