Sony has been losing money for several years recently. In order to balance cash flow and repay debts, Sony CEO Ichiro Hirai decided to take a series of cost cutting measures, including the company's sale of some buildings previously purchased. Sony announced today that they have reached an agreement with investors to sell the headquarters building in New York for $1.1 billion, but this is not enough to make Sony employees homeless. After selling the building, Sony will continue to work here in the form of rent back.

Sony announced a restructuring plan in April last year, which will cut 10000 employees globally, of which 3000 to 4000 are Japanese employees, hoping to cut costs. In addition, on the 11th of this month, we also reported that Sony will sell its office building in Tokyo at a price of 1.5 billion dollars.

At CES this year, Sony announced its latest flagship Xperia Z, which is popular with the media. It is equipped with a 5-inch FHD screen, a 1.5GHz Qualcomm 8064 quad core processor, and a 13 million pixel camera. I hope the launch of this phone will bring a turnaround to Sony.

Headquarter building of Sony America