EXCLUSIVE: Sony is continuing its restructuring, giving notice to 13 to 15 people in its Dallas distribution office that it will close operations there on June 2nd. In addition, layoffs also have impacted the Los Angeles cash department division of Sony’s distribution operations. The department numbers nine employees and the majority of the department are also being let go. A skeletal crew will remain. The round of dismissals come after Bain Captial were brought in to help Sony streamline its operations in an effort to increase profit margins. Tough times at Sony and its never easy to let people go, but this is not unusual for companies looking to improve their stock price and Sony has been charged with cutting costs.
The latest round of layoffs come only a week after the studio cut its entire Sony Pictures Interactive team which, for the last 15 years, supported the studio’s digital marketing efforts. Word came on March 14, that the studio was going to start implementing the layoffs.
The studio announced pre-Thanksgiving that it was going to cut costs significantly. Changes continue at Sony Pictures amid the wake of the pre-Thanksgiving announcement that it plans to cut $250M in costs during the next few years as it shifts focus from movies to TV. In December, it was revealed that David Bishop, president of the Home Entertainment division, was also departing; his contract was not renewed and he exits at the end of this month. The first layoffs were announced in January when Sony Pictures Technology President Chris Cookson’s department was absorbed into Sony Pictures Entertainment, cutting a little under 50 jobs that included Sony’s home entertainment unit and ani/VFX house Imageworks. In addition, Matt Brown, Executive VP Worldwide Commercial, is retiring and he will leave the end of this month.