Sony Corp. USA To own 38% of EMI Music Publishing, No Official Word on Staffing

Sony's layoffs keep piling up, as the company has plans to cut 226 jobs from its closing Fishers, Ind. distribution center, according to the Indianapolis Star.

Sony CEO Confirms 10,000 Job Cuts, Reorganization

The center is scheduled to shut down by September, with layoffs beginning July 15 and distribution of CDs by EMI, Universal and Sony to transfer to Anderson Merchandisers in Frankin, Ind.

Sony Doubles Red Ink Forecast to $6.4 Billion, Worst Loss Ever

News from Sony's headquarters has been grim for a while now, as its projected annual loss has crept over $6.4 billion -- which would be the company's worst red ink ever -- and CEO Kazuo Hirai confirming in April that the global company would be shedding 10,000 jobs over the next year.

Read: Sony/ATV Head Martin Bandier's Letter to Staff in Response to Layoff Reports

Less than a week later, Billboard.biz obtained a letter sent to Sony/ATV Publishing staff from CEO Martin Bandier denying that the company planned to cut 326 more jobs over two years as part of its acquisition of EMI Music Publishing, but also stressed that a final integration plan had yet to be finalized and that the "current plan is to reduce the total number of employees of the two companies."