It looks like if your company name is not Apple of Samsung and you’re in the mobile phone industry you’re most likely have some financial problems.

Sony, which most recently bought Ericsson’s half of its previous partnership to go it alone in the mobile phone industry, has announced that its new Sony Mobile Communications will be letting go of 15 percent of its employees. The removal of approximately 1,000 people is part of a larger restructuring plan for the company. Apart from the layoffs, the company will also be moving its headquarters and other company functions from its original Lund, Sweden base to Tokyo, Japan by October this year. [Read more…]