Sony Pictures Entertainment is believed to be cutting in the region of 300 jobs in the latest move by a US major to trim costs as the world heads further into recession.
Sources at the studio would neither confirm nor deny reports
circulating within Hollywood that the cuts were being implemented.
It is understood the loss to the workforce comprises redundancies and
unfilled vacancies. The company's international divisions are believed
to be affected particularly severely.
So far all the US majors except Fox have taken action, most recently
Disney and Warner Bros in January.