Sony slashes jobs on road to medical device focus

Sony ($SNE) may be expanding its focus on medical devices as part of its rebound plans, but the company will have to go through some serious pain to get there. Reuters reports that the Japanese consumer electronics giant has released details regarding expected layoffs. Sony will slash its headquarters staff by one-fifth, and close down a factory in Japan that makes cameras and mobile phones. The resulting 3,800 job cuts are part of a larger effort to eliminate 10,000 positions at Sony by March 2013. Sony is trying to reduce substantial debt and recover from four years of losses. Story

Suggested Articles

Longitude Capital invests in what its founders call “transformative healthcare companies," working in areas they hope will increase quality of life.

The FDA launched a center of excellence to oversee digital health products such as smartphone apps, wearable devices and software-based treatments.

The immunoassay will measure neurofilament light chain protein levels, found in the blood and cerebrospinal fluid, and linked to nerve damage.