In an attempt to become profitable, Sony has begun to cut jobs and sell off some of its less than lucrative ventures. The company recently sold off its chemical business and scaled back its mobile phone workforce by 15%. Sony has now announced that it will be pulling out of the optical drive market. Citing fierce competition and decreasing prices as reasons for this decision, Sony plans to shut down its subsidiary, Sony Optiarc, at the end of March.
Most of the employees at Sony Optiarc will be let go through an early retirement program. Sony also plans to reassign some of the remaining employees to other divisions within the company.