Recently came the news of the Sony Mobile division being merged with the company’s other divisions like TV, audio and camera into Sony Electronics Products and Solutions. Now, the Nikkei Asain Review says that the company will be cutting down the workforce in its phone division by almost half of its current workforce of 4000, by March 2020. Stiff global competition and shrinking sales are being blamed for the layoffs. As per the report, Sony’s market share in the smartphone market has sharply fallen from more than 3 percent in 2010 to lower than 1 percent currently. “In fiscal 2014, Sony pulled 1,000 employees from its smartphone operations, but sales have plunged faster than expected, necessitating a further round of cuts. Sony's smartphone business generates annual revenue of about 500 billion yen, but is expected to post an operating loss for the third straight year through fiscal 2019. By halving operating expenses from fiscal 2017, the company hopes the business will turn a ...