Sony Ericsson cuts 450 jobs in North America

Sony Ericsson announced it would lay off 450 workers from its North American headquarters at Research Triangle Park in North Carolina, further clouding the future of the joint venture.

The company has about 750 workers at RTP, a research and development hub for Sony Ericsson, and the move is in line with the restructuring the company announced in July, when it said 2,000 employees would be laid off worldwide as the handset maker adjusted to tougher market conditions.

The joint venture has been troubled for some time, and the company's second quarter profits dropped 97 percent, which came on the heels of a profit warning in late June that predicted the drop due to weakening demand and shipping delays. The joint venture has struggled to find its footing in a fiercely competitive market, and its market share remains relatively small.

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