Sony Pictures Entertainment is expecting to cut about 300 jobs – or about four percent of its employees – as early as next week, according to the Los Angeles Times. That number would be reached by a mix of layoffs and eliminating open positions. The studio’s revenue dropped eight percent in the most recent quarter, to $1.9 billion, which was attributed to declining DVD and television program sales. Sony declined to comment on the job cuts.
Posted March 4 2009 — 9:54 PM EST
- Viola Davis to campaign in Supporting Actress category for 'Fences'
- DJ Khaled documented his son's birth on Snapchat
- 'Black Mirror' postmortem: Showrunner explains season 3
- Weekend box office: 'Madea' clobbers 'Jack Reacher' with $27.6 million
- 'Logan' image teases Dafne Keen as mutant X-23
- Nobel academy member calls Bob Dylan 'impolite and arrogant'
- Christian Slater on relating to his 'King Cobra' role