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Sony to spin off TV division into joint venture with TCL

eriinfo.com3 weeks ago03 mins

Sony has announced a historic shift in its corporate strategy, signing a nonbinding agreement to spin off its TV hardware business into a new joint venture with TCL. Under the proposed terms, TCL will hold a controlling 51% stake in the new entity, while Sony will retain the remaining 49%. This move marks a pivot…

Microsoft announces significant layoffs, gaming division hit hard

eriinfo.com7 months ago07 mins

Microsoft has confirmed a new round of layoffs, impacting as many as 9,100 employees, or approximately 4 percent of its total workforce, as reported by The Seattle Times. The cuts are significantly affecting Microsoft’s Xbox division, known as Microsoft Gaming, though precise numbers for individual teams are not yet available. Read: What to expect at…